Warburg Pincus Denies Causing Rural/Metro Investor Losses
By Bonnie Eslinger ( August 2, 2016, 9:02 PM EDT) -- Private equity firm Warburg Pincus argued in California court Tuesday that it isn't liable for securities losses that Oaktree Capital Management-owned funds say resulted from overvaluation of now-bankrupt Rural/Metro, saying its managing director wasn't acting as its agent when he touted the emergency medical services company's "perfectly good liquidity position."...
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