Black Diamond Atty Disputes Co-Founder's Carried Interest

Law360, New York (May 2, 2013, 7:22 PM EDT) -- A lower court judge overestimated the amount of carried interest that belongs to a Black Diamond Capital Management LLC co-founder after he left to start another private equity firm, Z Capital Partners LLC, a Black Diamond attorney told a New York state appeals court Thursday.

Black Diamond's C. William Phillips of Covington & Burling LLP said that lower court judge Eileen Bransten had found that the contract Z Capital's James J. Zenni Jr. had with Black Diamond was unambiguous, allowing Zenni to collect the final part...
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