TITLE

High Stakes for Forstmann, LPs in Connecticut Case

AUTHOR(S)
Primack, Daniel
PUB. DATE
June 2004
SOURCE
Investment Dealers' Digest;6/14/2004, Vol. 70 Issue 24, p22
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Discusses the possible impact of private equity company Forstmann Little and Co.'s defense of itself against civil charges brought by the State of Connecticut, on the world of private equity. Probability that a ruling for Connecticut could prompt similar lawsuits against the firm; Accusation against the company of breaching its fiduciary responsibility to Connecticut; Case's focus on Forstmann Little's continuing attempts to save telecommunication services provider McLeodUSA Inc.
ACCESSION #
13453135

 

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