Stretto, a private equity-controlled software company formerly called Bankruptcy Management Solutions Inc., beat a Seventh Circuit appeal Sept. 5 of claims that it fixed bankruptcy service prices.
The suit accused BMS, now a subsidiary of Stone Point Capital LLC and its affiliates, of conspiring with Epiq eDiscovery Solutions Inc. and TrusteSolutions, two other leaders in the bankruptcy services industry. It was filed by Chicago law firm McGarry & McGarry, which said the scheme reduced how much it got out of a creditor claim against a defunct software company.
The allegations echo those from an antitrust lawsuit filed against Stone Point ...
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