Hedge Fund Sues CDC Software Over Alleged Smear Campaign

Law360, New York (April 30, 2012, 7:08 PM EDT) -- Evolution Capital Management LLC on Friday launched a $15 million suit against CDC Software Corp. and its executives, claiming they masterminded a malicious plan code-named "Star Wars" to cripple the hedge fund as it sought to settle a $65 million breach of contract suit with the software firm's bankrupt former parent.

Filed in New York state court, the suit accuses CDC Software and a group of individuals, all former and current directors of CDC Software and nonparty CDC Corp., of having "concocted, approved and implemented a malevolent plan" to...
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