PE Firm Beats Bus Driver's Employment Suit

Law360, Wilmington (October 24, 2013, 9:11 PM EDT) -- A Delaware bankruptcy judge Wednesday tossed a putative class action against Fenway Partners LLC, finding claims brought on behalf of bus drivers once employed by bankrupt Coach America Inc. had no plausible connection to the private equity firm.

U.S. Bankruptcy Judge Kevin Gross dismissed the suit, which was filed as an adversary proceeding in Coach America's Chapter 11 case, finding its claims of alleged employment law violations lacked any viable connection to Fenway Partners.

A nondebtor entity, Fenway served as investment adviser to a fund that...
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.