Execs Can't Launch Tortious Interference Suit Post Merger

Law360, Los Angeles (March 24, 2014, 10:09 PM EDT) -- A New Jersey federal judge on Friday threw out a tortious interference suit between two subsidiaries of financial products company LPL Holdings Inc., finding that the executives of American Capital Acquisition Partners LLC sold their standing to file suit when they joined LPL in a $23 million deal.

U.S. District Judge Anne Thompson tossed the suit brought by American’s executives, shooting down their claims that another LPL affiliate, Fortigent LLC, and its CEO were purposely blocking an additional payment they’d been counting on as part of...
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