Politics & Regulation Tax & Legal

PAAMCO decides not to appeal against Sussman stake ruling

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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 flawed and that we have strong grounds on which to appeal. But, after careful consideration, we have decided that it is in the best interests of our clients and employees not to appeal,” said PAAMCO founders