Accredited Home Sues Lone Star Over Merger Deal

Law360, New York (August 13, 2007, 12:00 AM EDT) -- Accredited Home Lenders Holding Co. has sued private equity Lone Star Fund V (U.S.) LP in an attempt to force it to go through with a deal struck earlier this summer, according to reports published on Monday.

On June 4, Accredited Home Lenders announced that it would be acquired by an affiliate of Lone Star Fund V (U.S.) LP for about $400 million, or $15.10 per share of common stock.

However, Lone Star announced last week that it could not move forward last year because of...
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