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Chancery OKs Settlement, $3.5M Fee In PE Squeeze Suit

By Jeff Montgomery ( October 4, 2024, 8:55 PM EDT) -- Pointing to a derivative suit settlement that "effectively unwinds the harm" from deeply conflicted private equity financings extended to a struggling trampoline park chain during the COVID-19 pandemic, a Delaware vice chancellor on Friday approved both the deal and a $3.5 million fee for plaintiff attorneys....

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