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PE Firm's Claims Pared In Suit Over Allied Bankruptcy

By Zachary Zagger (November 3, 2014, 9:13 PM EST) -- The Delaware Chancery Court on Friday tossed claims brought by The Yucaipa Cos. LLC against competing lender Black Diamond Commercial Finance LLC over ownership of bankrupt Allied Systems Holdings Inc.'s debt, ruling some claims were barred by a covenant not to sue but allowing claims alleging harms unique to Yucaipa....

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