No one person is required to participate in a settlement. Top executives of New York-based hedge fund manager Platinum Partners were arrested on Monday and charged with running a $1 billion fraud that federal prosecutors said became "like a … MidRail said it has spent years developing expertise, proprietary insights, financial and operational models, and strategies specific for the rail industry. Life Partners, Inc.[1] is a life settlement provider headquartered in Waco, Texas. A group of Santa Cruz residents filed a lawsuit Tuesday in Sacramento County Superior Court to stop the Harm Reduction Coalition of Santa Cruz County (HRC) from continuing its syringe exchange services. MidRail is accusing Partners Group of soliciting its business secrets so it could then compete against the rail company. The time is nigh for the DEA to cooperate in ensuring that medical marijuana research can move forward. A bankrupt Seaborn Networks subsidiary has accused private-equity backer Partners Group Holding AG of trying to seize control of the financial restructuring … MidRail wants restitution caused by the increase in the price it paid for Patriot as well as damages caused by the destruction in the value of MidRail’s business strategies, proprietary and confidential information, and trade secrets. MidRail is accusing the private equity firm of soliciting the rail company’s business secrets to compete against it on a deal. A U.S. judge dismissed a lawsuit on Friday brought by a tech group that had asked the federal court to declare invalid a presidential executive order aimed at … Gooch’s firm, Jersey Partners Inc, once owned more than 46 million GFI shares, regulatory filings show. All rights reserved.For reprint rights. A group of Kweichow Moutai shareholders plan to file a class action lawsuit over the donations, which could “hinder their interests,” one of the shareholders told Caixin. Did Former AIG P.E. The claims resolved by today’s civil settlement and the earlier non-prosecution agreement are allegations only; there has been no determination of guilt or liability. Times Internet Limited. A New Volatility Index Offers An Expanded View of Options, Partners Group Reveals Succession Plan as Co-CEO Steps Down, Vista Equity Sued By Portfolio Company Founder. Krol, Orchard Lake Schools, and a group formerly known as … Culture. Why are Apple Pay, Starbucks' app, and Samsung Pay so much more successful than other wallet providers? But it soon realized it would be bidding against a third party that knew everything that it did. “We will not comment further on this pending litigation.”, [II Deep Dive: Partners Group Reveals Succession Plan as Co-CEO Steps Down]. In late August, the Leamington group, which owns 51 per cent of the project through a numbered company, launched a lawsuit against its partners after they … Partners Group is being accused of breaching a non-disclosure agreement with freight-rail operating company MidRail, sister publication Private Equity International reported. Victory Automotive Group filed — and days later dismissed — a breach-of-contract lawsuit against dealership technology company DealerSocket related to use of its software. The company called Partners Group’s expressed intent to invest “a ruse”. In May 2017, MidRail and Partners Group started discussions about potential deals where the private equity firm would put up capital and MidRail would provide the know-how on rail deals, according to the complaint. みを持ち、欧米豪アジアの世界17カ国に現地法人を持つ。 MidRail is suing for damages and to stop Partners Group from continuing to use the company’s information. Non-disclosure agreements, known as NDAs, are ubiquitous in the financial industry, legally preventing companies from using information gathered during talks or due diligence before any kind of deal-making. MidRail and Partners signed an NDA in June 2017 and renewed it in January 2019. Copyright © 2020. If it made it past the first round, it would then team up with MidRail in subsequent rounds, according to the documents. Gearbox has settled a lawsuit filed by composer Bobby Prince, which had accused the developer of using the musician's work without permission … Redefining the Asset Owner Data Experience, Modern Slavery Act Transparency Statement. Heads Violate Non-Compete Clause? This is a Business Insider Prime story. According to the documents, Partners learned about Patriot through MidRail in 2018, before the company went up for sale. Partners Group’s violation of that trust is so egregious that MidRail had no other choice than to take legal action to protect its business.”. 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This content is from: Brandon has been with Partners Group since 2011, has 30 years of industry experience, and, prior to joining Partners Group, was a Director at Infracapital (Prudential/M&G Investments), focusing on energy and communication The False Claims Act lawsuit is captioned United States ex rel. The lawsuit, brought by the Texas attorney general, had sought to invalidate the election results in four states that Joe Biden won in November. Hundreds of shareholders at liquor-making giant Kweichow Moutai Co. Ltd. plan to file a class action lawsuit over its 800 million yuan ($122.5 million) in donations to local government infrastructure projects. Granger v. PC Specialists, Inc. d/b/a/ Technology Integration Group, No. Meanwhile, MidRail had sought to protect its intellectual property and deal pipeline, saying it did not want to “give away its trade secrets for free” so that Partners Group could use them for its own benefit, according to the complaint. The White Law Group is announcing that it has filed a FINRA Lawsuit against Ausdal Financial Partners, Inc. on behalf of a Minnesota couple, requesting damages for alleged violation of … New York: Google’s dominance in online search came under the broadest attack yet as a group of states filed the third antitrust lawsuit in two months against the internet giant owned by Alphabet Inc. The complaint alleges that the NDA outlined the relationship between the two organizations and that Partners Group didn’t have any previous expertise in the rail industry. The company also alleged that Partners Group had been “unjustly enriched” through its use of MidRail’s confidential information. 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