Tetragon Looks For Growth After Lawsuit Win Over Cooperman
Leon Cooperman’s Omega Partners lawsuit against Tetragon Financial Group Limited (AMS:TFG) (OTCMKTS:TGONF) has been thrown out, ending a nasty fight. Legal issue centered on Tetragon’s purchase of Polygon The legal issue centered on Tetragon’s purchase of Polygon Management and fees paid to related parties. New York based Omega had charged that Tetragon’s co-founders, Patrick Dear and Reade Griffith, who also co-founded Polygon in 2002, generated of millions of dollars from the sale of Polygon to a related party in Tetragon. Dear and Griffith were then accused of using $150 million of Tetragon’s cash to buy back nonvoting Tetragon shares, the lawsuit...
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