PE Firm Serves Up Fresh Suit Over Subway CEO's Investor Beef

Law360, New York (April 18, 2012, 7:29 PM EDT) -- Private equity firm Lincolnshire Management Inc. sued former investor and billionaire founder of the Subway sandwich chain Fred DeLuca in New York state court Wednesday, alleging he interfered with a settlement between the firm and its estranged ex-CEO in order to initiate shareholder litigation.

DeLuca, who had invested an undisclosed amount in several of the private equity firm's funds, allegedly sought assistance from ex-Lincolnshire CEO Steven J. Kumble in formulating a lawsuit against the firm, despite his knowledge that such an action put Kumble in breach...
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