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Monster Beats $8.9M Fees Suit From Investment Bank

Law360 (August 10, 2018, 5:21 PM EDT) -- A New York federal judge said Friday that Monster Worldwide Inc. does not owe Stone Key Partners LLC about $8.9 million in fees and costs for the boutique investment bank's role in evaluating strategic alternatives because the transactions that the job-search site ultimately completed were either too small or too late.

U.S. District Judge Jesse M. Furman did, however, find that Monster owes Stone Key about $37,000 plus prejudgment interest for expenses the investment bank incurred with regard to work completed on the strategic review, even though no substantial...
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