Pennsylvania Ave. May Have Limited Impact
In Pennsylvania Avenue Funds v. Borey, the U.S. District Court for the Western District of Washington dismissed federal antitrust claims brought by shareholders of WatchGuard Technologies, Inc. (WatchGuard) against two separate private equity investors, Francisco Partners LP (FP) and Vector Capital Corp. (Vector), who had joined together to bid for WatchGuard.
FP and Vector had originally entered separate bids for WatchGuard. Ultimately, however, Vector pulled out of the bidding,...
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