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Vector Capital Corporation v. Ness Technologies, Inc.
Case Number:
1:11-cv-06259
Court:
Nature of Suit:
Judge:
Firms
Companies
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April 03, 2012
Vector Claims New Evidence In Fight Over $307M Citi Sale
Vector Capital Corp. told a New York federal judge Tuesday that it has new evidence to reopen a suit tossed last month alleging negotiations for a tech company's $307 million sale to a Citigroup Inc. unit breached an exclusivity contract with the private equity firm.
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March 20, 2012
Tech Co. Didn't Flout Exclusivity In Citigroup Sale, Judge Says
A New York federal judge has tossed a suit alleging Ness Technologies Inc. breached an exclusivity contract with private equity firm Vector Capital Corp., ruling Friday that Ness properly negotiated a $307 million sale to a Citigroup Inc. unit after the end of Vector's exclusive negotiating window.