Judge Says Execs Exempt From Tortious Interference Claims

Law360, New York (March 6, 2012, 8:15 PM EST) -- A Delaware judge said Tuesday that company managers cannot be held directly liable for tortious interference of a contract, in dismissing claims against lenders, directors and shareholders in a suit alleging HIG Capital LLC fraudulently sold a foreclosed asset to one of its affiliates.

The suit stems from the sale of ATM Acquisition Corp. by senior lender HIG for $41 million to its affiliate Pendum Acquisition Corp. Edgewater Growth Capital Partners LP and Edgewater Private Equity Fund III LP, which owned a sizable portion of ATM,...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.