Chancery Finds Plimus Exec Liable In $115M Fraud Suit

By Jeff Montgomery (December 3, 2018, 6:46 PM EST) -- Private Equity firm Great Hill Equity Partners won a Delaware Chancery Court fraud claim Monday against the former CEO of payment processing company Plimus Inc. along with an opportunity to seek capped restitution for breaches of assurances by some of its directors in connection with the $115 million purchase of Plimus in 2012....

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