Funds Square Off Over Credit Agreement Gone Sour

Law360, New York (April 25, 2006, 12:00 AM EDT) -- Bad investments made by private equity fund MapleWood Holdings may end up costing the firm and its manager Robert Glaser $7 million if a lawsuit brought by a lending company prevails in court.

The suit, filed by Eugenia VI Venture Holdings Ltd. in the U.S. District Court for the Southern District of New York, seeks to recover funds that it lent to a now-defunct company that MapleWood invested in.

This type of suit, which pits two equity funds against each other, is relatively uncommon, according to...
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