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Investment bank settles claim of conflict of interest in leveraged buyout deal

  • Chadbourne & Parke LLP
  • -
  • USA
  • -
  • December 1 2011

Del Monte Corporation (“Del Monte”) and its financial advisor Barclays Capital (“Barclays”) recently agreed to the payment of $89.4 million as part of a settlement, now subject to court approval, of a putative shareholder class action challenging the $5.3 billion leveraged buyout of Del Monte by a group of private equity firms