Lincolnshire Suit Over $99M Award Slashed Again

Law360, New York (December 3, 2012, 4:14 PM EST) -- A New York state judge cut down a lawsuit Monday over a $99 million award in underlying shareholder litigation involving private equity firm Lincolnshire Management Inc., finding that the plaintiff still had too many conflicts of interest.

Judge Lawrence K. Marks said during a hearing that the the Acconci Trust, which is controlled by Subway sandwich chain founder Fred DeLuca, had too many conflicts of interest to serve as the plaintiff because it was a partner in both Lincolnshire-affiliated investment firms — Lincolnshire Equity Fund LP...
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