Black Diamond Co-Founder Wins $6M Carried Interest Appeal

Law360, New York (May 23, 2013, 4:50 PM EDT) -- A Black Diamond Capital Management LLC co-founder can collect the final $6 million portion of the $17.5M in carried interest he earned there before he left to start another private equity firm, Z Capital Partners LLC, a New York appeals court ruled Thursday.

Z Capital's James J. Zenni Jr. is entitled to the final part of the carried interest he earned while at Black Diamond under the terms of the agreement he had hashed out with firm co-founder Stephen H. Deckoff when he decamped to Z...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.