PE Investment Ends Tory Burch's Knockoff Row With Ex

Law360, New York (January 2, 2013, 8:00 PM EST) -- Private equity firm General Atlantic LLC and merchant bank BDT Capital Partners LLC announced Wednesday that they will purchase minority stakes in women's fashion powerhouse Tory Burch LLC, laying to rest a bitter legal battle over stolen trade secrets between the eponymous designer and her former husband.

As part of the stake sale, J. Christopher Burch has agreed to drop an October lawsuit in which he claims his ex-wife hijacked the bidding process for his 28 percent stake in the New York-headquartered luxury sportswear company the...
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