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Burkle Sues Lantern Capital For $6M Over Weinstein Co. Sale

Law360 (July 16, 2018, 10:40 PM EDT) -- Investor Ron Burkle’s company accused Lantern Asset Management GP of cutting it out of a nearly $6 million payout from Lantern’s $289 million purchase of The Weinstein Co.’s assets from bankruptcy, according to a suit filed in California state court Monday as Lantern’s deal closed.

The Yucaipa Companies LLC said that it had done most of the legwork on the Weinstein Co. buy before the film company slipped into bankruptcy last year and that it handed the baton to Lantern, once a prospective partner in the...
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