Ex-CEO Of Steel Co. Gets Suit Against Equity Firm Revived

Law360, Philadelphia (April 19, 2013, 3:51 PM EDT) -- The Pennsylvania Superior Court Thursday revived a case brought by the former CEO of Latrobe Steel Co., who contended that the private equity investor who purchased the company violated a contract when it sought to deny his 1.2 percent equity interest in the business after terminating him.

A three-judge panel found that the trial court inaccurately applied a clause governing forum selection contained in a stock agreement when it dismissed Hans Sack’s case against Toolrock Holding Inc., finding that the claims in the complaint were actually...
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