Linens 'N Things Noteholder Sues Over Losses

Law360, New York (September 24, 2009, 4:15 PM EDT) -- An investment fund that pumped $43.5 million into Linens 'N Things when it was taken private by an Apollo Management LP-led consortium of investors has sued the private equity firm, claiming that mismanagement of the home furnishings retailer led to its bankruptcy filing and steep losses for noteholders.

Levine Leichtman Capital Partners Deep Value Fund LP, a unit of Levine Leichtman Capital Partners, filed an amended complaint in the U.S. District Court for the District of New Jersey on Wednesday, arguing that Linens 'N Things' leadership...
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