Investor Ron Burkle’s Yucaipa Companies filed a $6 million lawsuit against Lantern Asset Management claiming that Lantern cut Yucaipa out of an expected payment for the $289 million purchase of The Weinstein Company’s assets. The lawsuit filed at the Los Angeles Superior Court on Monday claims that Dallas-based Lantern made use of confidential information it had obtained while partnered with Yucaipa. It alleges that Lantern “breached the parties’ written agreement, and Lantern recently i...
Ron Burkle Sues Lantern for Fraud, Breach of Contract Over Weinstein Co Sale
The Wrap - 17 Jul 2018 07:10
Investor Ron Burkle’s Yucaipa Companies filed a $6 million lawsuit against Lantern Asset Management claiming that Lantern cut Yucaipa out of an expected payment for the $289 million purchase of The Weinstein Company’s assets. The lawsuit filed at the Los Angeles Superior Court on Monday claims that Dallas-based Lantern made use of confidential information it had obtained while partnered with Yucaipa. It alleges that Lantern “breached the parties’ written agreement, and Lantern recently i...
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