NY Court Boots PE Investor's $100M Suit Over Failed JV

Law360, New York (October 29, 2012, 5:45 PM EDT) -- A New York federal judge on Friday dismissed a $100 million suit brought by Pegasus Blue Star Fund founder Paul Parmar against Weston Capital Management LLC and others for allegedly scuttling a plan to consolidate and launch a new medical billing and management company through acquisitions.

U.S. District Judge Katherine B. Forrest ruled that the court lacked diversity jurisdiction over Parmar's claim that Weston, Sovrin Health Systems and a group of individual defendants maliciously interfered with his sale of certain assets, breaching their fiduciary duty and...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Parmar v. Hallac et al


Case Number

1:12-cv-06629

Court

New York Southern

Nature of Suit

Contract: Other

Judge

Katherine B. Forrest

Date Filed

August 30, 2012

Law Firms

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.