Court Upholds Toss Of Pipe Equity-Highmount Contract Suit

Law360, New York (July 05, 2012, 3:02 PM ET) -- A New York state appeals court panel denied a bid Tuesday by Pipe Equity Partners LLC to revisit the panel's decision dismissing the private equity firm's suit seeking to nullify a contract with Highmount Olympic Fund LLC over alleged improper valuations.

Pipe Equity was seeking leave to appeal the panel's ruling that granted Highmount's motion to dismiss the complaint, which sought to void the contract on the grounds of a mutual mistake of fact. The panel ruled in March that Pipe Equity failed to state a...
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