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Stock impact report

Law firm Quinn Emanuel, litigation funder Longford ink $40 mln deal for private equity clients [Reuters]

The Carlyle Group Inc. (CG) 
Last the carlyle group inc. earnings: 4/30 06:40 am Check Earnings Report
US:NASDAQ Investor Relations: ir.carlyle.com
Company Research Source: Reuters
Emanuel Urquhart & Sullivan's private equity clients under a deal made public Thursday. The agreement will help Quinn Emanuel's clients and their portfolio companies "pursue meritorious legal claims without diluting the valuation of their company," Longford's co-founder and managing director William Farrell told Reuters. Los Angeles-founded Quinn Emanuel, a 1,000-lawyer business litigation firm, has previously worked with Longford on individual, case-by-case alternative funding arrangements, according to Jonathan Bunge, co-chair of the law firm's national trial practice and managing partner of its Chicago office. The new deal came in response to concerns the firm heard from private equity firms and clients, he said. "There were situations where private equity firms were choosing not to pursue claims that otherwise were legitimate meritorious claims" for their portfolio companies in business disputes such as breach of contract or trade secrets matters, Bunge said. It "may not Show less Read more
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