Vector Breached Nondisclosure Deal In Tidel Buy: Suit

Law360, New York (December 19, 2011, 8:52 PM EST) -- Corporate financier Goodrich Capital LLC and its broker-dealer affiliate sued private equity firm Vector Capital Corp. on Monday in New York, alleging that Vector breached a nondisclosure agreement by using proprietary information in a November acquisition of a cash security firm.

Goodrich claimed that Vector used market data related to an agreement with Goodrich and Windsor Sheffield & Co. Inc. to purchase the Sentinel smart safe line of Tidel Engineering LP. The plaintiffs seek at least $6.5 million in damages.

The dispute stems from a November...
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