General World News

Private equity firm Partners Group just got hit with a trade-secrets lawsuit from a railroad company that says it took investment ideas

Railroad

  • Private-equity firm Partners Group has been hit with a trade secrets lawsuit by a railroad operator with which it once discussed possible investing opportunities, according to a lawsuit filed in New York state court.
  • MidRail, a freight rail operator, claimed it entered into a non-disclosure agreement with Partners Group in 2017 to discuss rail investments together.
  • But after MidRail provided Partners Group with “confidential business information,” including about its merger and acquisition pipeline and business model, the PE shop used this information for its own investing purposes, the lawsuit alleges.
  • The lawsuit claims Partners Group used the MidRail information to compete directly read more >>>

    Source:: BusinessInsider.Com