UK High CourtKirkland & Ellis Client Cerberus Ordered to Fork Over €400M
A judge said that Cerberus Capital Management's case was based on “a narrative constructed for the litigation”.
December 05, 2024 at 06:51 AM
2 minute read
Kirkland & Ellis has been unsuccessful in its attempts to defend private equity client Cerberus Capital Management in a case at London's High Court, which ordered the company to pay out €400 million to the Spanish bank Sabadell.
Cerberus Capital Management, which has $65 billion in assets, was ordered to pay the sum by Mr Justice Andrew Baker in relation to a long-running property dispute between the two parties.
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