Victory Automotive Group filed â and days later dismissed â a breach-of-contract lawsuit against dealership technology company DealerSocket related to use of its software. Redefining the Asset Owner Data Experience, Modern Slavery Act Transparency Statement. Travelers from China are being screened at US airports for a mysterious new virus that's killed 2 and sickened dozens, Thanks to a service called Plastiq, you can pay your mortgage with a credit card - here's how I used it to earn $2,000 toward travel, Three Anil Ambani companies have reportedly been accused of fraud by banks — the amount at stake is nearly ten times more than what Mallya owed, No vaccine approval yet, drug regulator analysing SII, Bharat Biotech data, Punjab withdraws night curfew from January 1, S. Korea to let people working for USFK to get Covid vaccine, Relief for taxpayers: Deadline to file income tax returns extended further to January 10, After SII's Covishield, Bharat Biotech plans to put its COVID-19 vaccine for approval before expert panel, Master Business Fundamentals from Wharton. Life Partners, Inc. is a life settlement provider headquartered in Waco, Texas. 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 â¦ On December 3, 2020, MAPS (the Multidisciplinary Association for Psychedelic Studies) issued a press release regarding a lawsuit filed against the DEA and the Attorney General to âcompel issuance of licenses to manufacture marijuana for clinical trials and potential FDA approval.â As a result, MidRail said it provided the firm with confidential information on its strategy for Patriot. A multidistrict case can take years to resolve, as the firms that are appointed by the judge spend hundreds of hours and thousands of dollars trying to prove the plaintiffsâ case. The claims resolved by todayâs civil settlement and the earlier non-prosecution agreement are allegations only; there has been no determination of guilt or liability. According to the lawsuit, Partners Groupâs actions caused the company âtens of millions of dollars in lost competitive advantageâ and âwill certainly cause MidRail further damage in the futureâ. 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. A bankrupt Seaborn Networks subsidiary has accused private-equity backer Partners Group Holding AG of trying to seize control of the financial restructuring â¦ MidRail provided the private equity firm with its business model as well as its pipeline of potential M&A deals, operational plans, financial models, and other proprietary insights, all of which MidRail claimed differentiate it from competitors in the industry, according to the complaint. "Partners Group considers the lawsuit filed today to be wholly without merit, and will vigorously defend against the asserted claims,â a spokesperson for the firm said in a statement to Institutional Investor. The Detroit News reported a lawsuit has been filed on behalf of two anonymous persons. Christoph Rubeli, co-chief executive of Swiss asset manager Partners Group, will step down from the role at the end of the year, the firm announced Thursday. Copyright © 2020. All rights reserved.For reprint rights. 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 Press release - Shareholders Foundation - Lawsuit filed for Investors in shares of Kandi Technologies Group, Inc. (NASDAQ: KNDI) - published on openPR.com A â¦ 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. LPI's parent company, Life Partners Holdings, Inc., delisted from the NASDAQ, currently trades on the OTCPK under the ticker LPHI.Q. MidRail said it has spent years developing expertise, proprietary insights, financial and operational models, and strategies specific for the rail industry. Private equity firm Partners Group just got hit with a trade-secrets lawsuit from a railroad company that says it took investment ideas. The company also alleged that Partners Group had been âunjustly enrichedâ through its use of MidRailâs confidential information. 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. Rubeli will â¦ Granger v. PC Specialists, Inc. d/b/a/ Technology Integration Group, No. Once MidRail learned it had been cut out of the deal, it decided to go after Patriot separately. âMidRail originally agreed to provide its confidential business informationâ to Partners Group because the private equity firm said it was considering investing in or with MidRail, according to the complaint. If it made it past the first round, it would then team up with MidRail in subsequent rounds, according to the documents. This is a Business Insider Prime story. Did Former AIG P.E. Investment Lawsuit / By Investment Fraud Lawyers / December 3, 2020 December 21, 2020 / Atria Wealth Solutions, Cadaret Grant & Co., CUSO Financial Services, NEXT FINANCIAL GROUP, northstar healthcare MidRail and Partners signed an NDA in June 2017 and renewed it in January 2019. Around May 2019, Partners told MidRail that it wanted to put a first-round bid in for Patriot. After Partners Group cut it out of the sale process, MidRail made arrangements to buy Patriot on its own, the lawsuit said, but with its trade secrets being used against it, â¦ According to the documents, Partners learned about Patriot through MidRail in 2018, before the company went up for sale. 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 â¦ But after getting into the second round of bidding in mid-June 2019, Partners Group refused to work with MidRail, but âcontinued to rely on the confidential information it had received from MidRail pursuant to the NDA,â according to the complaint, which alleged that Partners Group never intended to team up with MidRail on the deal. The company called Partners Groupâs expressed intent to invest âa ruseâ. This content is from: MidRail claimed in the lawsuit that Partners Groupâs use of this information âhas already cost MidRail tens of millions of dollars, and will certainly cause MidRail further damage in the future.â. The complaint alleges that the NDA outlined the relationship between the two organizations and that Partners Group didnât have any previous expertise in the rail industry. Partners Group is being accused of breaching a non-disclosure agreement with freight-rail operating company MidRail, sister publication Private Equity International reported. ã¿ãæã¡ãæ¬§ç±³è±ªã¢ã¸ã¢ã®ä¸ç17ã«å½ã«ç¾å°æ³äººãæã¤ã Partners Group is a global private markets investment manager, serving around 900 institutional investors. The time is nigh for the DEA to cooperate in ensuring that medical marijuana research can move forward. âWe will not comment further on this pending litigation.â, [II Deep Dive: Partners Group Reveals Succession Plan as Co-CEO Steps Down].