Private equity firm resolves claims of fraud and breaches of representations and warranty without litigation

Client(s) Private equity firm

Jones Day defended a private equity firm against claims of fraud and breaches of representations and warranty. The plaintiff claimed that our client, the seller of a portfolio company, had withheld information relating to the modification of a customer relationship and elimination of a supply source. Jones Day was able to settle the claim without litigation after an exchange of information, damages analysis, and mediation.