PAAMCO decides not to appeal against Sussman stake ruling

Thu Nov 18, 2010

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Pacific Alternative Asset Management Company’s holding firm, PAAMCO Founders, has decided not to appeal against the recent ruling that allowed Franklin Realty Holdings, an entity controlled by Donald Sussman, the right to convert its debt into a 40% equity stake in PAAMCO Founders. "We deliberated whether to appeal this decision.  We, as well as our attorneys, believe that the Court’s decision was...

ISSN: 2151-1845 / CDC10004H

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