Chris McKinnon and Lovina Consunji cowrote a piece that appeared in ABA’s The Business Lawyer titled “Annual Survey of Judicial Developments Pertaining to Private Equity and Venture Capital,” where they included a summary of Firefighters’ Pension System of Kansas City Trust v. Foundation Building Materials, Inc.
They wrote: “Firefighters’ Pension System serves as a cautionary tale for private equity firms and their advisors in connection with sales of portfolio companies, even where a special committee is created to mitigate conflicts.”
Read the full article: Annual Survey of Judicial Developments Pertaining to Private Equity and Venture Capital.