Intego Shareholder's Suit Against PE Owner Pared

By Kaitlin Ugolik (April 1, 2013, 5:58 PM EDT) -- A New York federal judge on Friday pared a lawsuit accusing the private equity firm in control of Mac anti-virus company Intego's parent company of abusing its position to block the parent company from selling itself to AVG Technologies, tossing out more than half of the plaintiff's claims.

U.S. District Judge Cathy Seibel found that French LLC Transeo SARL and Intego holding company Neutral Holdings Inc. had failed to effectively plead claims including direct and derivative breach of fiduciary duty, against Bessemer Venture Partners and several affiliated funds and individual officers regarding the botched $25 million deal and subsequent firing of...

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