20Jan
SDNY Allows Nine West LBO Securities Litigation to Move Forward
In early December, the United States District Court for the Southern District of New York denied, in part, a motion to dismiss claims of breach of fiduciary duty and recovery of fraudulent conveyances brought against former directors and officers of the Jones Group in connection with its “going private” leveraged buyout by private equity firm Sycamore Partners Management, L.P. (“Sycamore”) in 2014 (the “Transaction”). In re Nine West LBO Sec. Litig., No. 1:20-cv-04262-JSR (S.D.N.Y. Dec. 4, 2020)...
By:
Arent Fox
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