EQT Affiliate Loses Bid to End Fraud Lawsuit: Delaware Brief

EQT Unit Ordered to Face Fraud Suit

An EQT affiliate lost its bid to end fraud litigation brought by a fund manager who sold his business to the Swedish investment firm during its failed foray into the US multifamily market, Mike Leonard reports.

A federal judge in Delaware let the case move forward, saying it’s plausible EQT Exeter pulled a bait-and-switch to avoid handing over millions to David Carlson, a co-founder of Redwood Capital Group. Carlson’s lawsuit, filed last year, said the “chaotic” property unit duped him into raising cash for a real estate investment fund that didn’t count ...