Law360, New York (June 27, 2012, 10:19 PM ET) -- A New York federal judge on Wednesday blasted private equity firm Vector Capital Corp.'s stated interpretations of a nondisclosure agreement that sits at the middle of Goodrich Capital LLC's suit alleging Vector used proprietary information in its takeover of a cash security firm.
In a memorandum to his March 29 decision, U.S. District Judge Jed S. Rakoff broke down his decision to dismiss only two of six claims brought by Goodrich and its broker-dealer affiliate Windsor Sheffield & Co. Inc.