Ex-Black Diamond Exec Spooked Investors, Atty Says

Law360, New York (January 23, 2013, 6:58 PM EST) -- A Black Diamond Capital Management LLC co-founder scared away more than two dozen investors by spreading false information about the private equity firm when he left to form a rival, a Black Diamond attorney told a New York appeals court Wednesday.

After he had left Black Diamond at the end of 2006, James J. Zenni Jr. sent out emails and marketing materials with false or confidential information and took credit for the firm's successes, Black Diamond attorney Robert I. Bodian of Mintz Levin Cohn Ferris Glovsky...
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