EIG Says Joint Venture Precludes TCW Sale To Carlyle Group

Law360, New York (August 21, 2012, 7:50 PM EDT) -- EIG Global Energy Partners LLC filed suit in California federal court Tuesday to halt a French bank's sale of joint venture partner TCW Group to private equity giant The Carlyle Group LP, claiming the sale would violate its joint venture contract with TCW.

EIG said in its complaint, filed Tuesday in the Central District of California, that its 2009 spin-out agreement and joint venture contract with TCW prevents TCW from transferring its membership interest in the venture to any other party without the approval of least...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.