Carlton Group Says BCBG Owes Commission On $238M Refi

Law360, New York (April 12, 2013, 5:40 PM EDT) -- The Carlton Group Ltd. lobbed a lawsuit against BCBG Max Azria Group Inc. on Thursday over allegedly failing to pay a promised commission on a $238 million debt refinance and snubbing Carlton Group’s efforts by choosing a lender’s outside offer during an exclusivity period.

Carlton Group, a real estate- and private equity-focused investment bank, contends that BCBG has violated an exclusive debt advisory agreement between the parties by not paying it a $4.76 million commission fee after BCBG decided to use existing lender Guggenheim Partners to...
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