TLC Vision Eyes New Plan With Private Equity Backing

Law360, New York (February 4, 2010, 7:04 PM EST) -- TLC Vision Corp. is pitching a new restructuring plan under which private equity firm Charlesbank Capital Partners LLC would pick up substantially all of the eye care company's assets, and has filed an adversary complaint seeking to block lenders — which have their own competing plan — from derailing the arrangement.

On Wednesday, TLC Vision filed the adversary proceeding in the U.S. District Court for the District of Delaware against parties including Wells Fargo Bank NA and Cantor Fitzgerald Securities, seeking to protect its first amended...
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