May 31, 2016
A Michigan federal court declined on Monday to issue an order keeping private equity firm Peninsula Capital Partners LLC out of a $4.35 million international arbitration over its portfolio company's refusal to accept an airplane parts machining device from a German manufacturer, ruling it doesn't have the authority to issue such a decision.
February 25, 2016
A German manufacturer and its American affiliate argued Thursday that a private equity firm cannot avoid international arbitration over a $4.35 million unpaid bill for an airplane parts machine, telling a Michigan federal court the firm has not justified its request for a preliminary injunction.
February 25, 2016
A German manufacturer and its American affiliate urged a Michigan district court Wednesday to dismiss a private equity firm's lawsuit that was launched to avoid arbitration over a $4 million unpaid bill, arguing that they have no business in the state to satisfy the court's jurisdiction over them.
January 22, 2016
Peninsula Capital Partners LLC has no part to play in two European manufacturers' $4 million dispute over an unpaid bill for an airplane parts machining device, the private equity shop told a Michigan federal court Thursday in a bid to avoid international arbitration.