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Rating:Reuters Updates the TCW Suit Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, August 22, 2012

Reuters Updates the TCW Suit

News summary by MFWire's editors

As reported yesterday by the MFWire, EIG has sued to stop the proposed TCW-Carlyle deal.

According a Reuters report, the firm which was spun off from TCW early last year says the deal gives the companies information to Carlyle, a direct competitor to EIG in the energy field.

Carlyle would have information based on a joint venture between TCW and EIG.

"We have no beef with Carlyle, it's not their fault that they are a competitor. But the joint venture with TCW obligates us to provide to them EIG fund and asset level data, more than what our limited partners see, they would get to see everything," Thomas told Reuters.  

Edited by: Ben Geier


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