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United States of America v. L Capital Partners SBIC, L.P.
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January 02, 2014
The U.S. Small Business Administration asked a New York federal judge on Thursday to lift a stay on private-equity-backed Simparel Inc., so the agency can pursue litigation against former Simparel employees who posted the company's financial management software on a competitor's website.
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April 19, 2012
The U.S. Small Business Administration won court approval Thursday to take control of a subsidiary of private equity firm L Capital Partners LLC that lent out $96 million in federal funds and violated guidelines meant to limit risk.