A Manhattan judge has dismissed breach of contract claims against private equity firm Sun Capital Partners, ruling that allegations of improper disclosures leveled by Garda USA after a failed $558 million merger transaction were purely speculative.

Garda sued Sun Capital and SOS Ultimate Holding, a mid-sized security company, alleging leaks of confidential information that allowed company Allied Security to outbid Garda for 100% of the equity interest of SOS. Garda’s 2019 lawsuit alleged that Sun Capital repeatedly made false statements, wrongfully pursued deals with other buyers, shared Garda’s purchase price with those buyers in violation of confidentiality agreements, and other claims.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]