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Private Equity Firm Sued Over Portfolio Company Stock Plan Sale

Private equity firm Long Point Capital Inc. and independent trust company GreatBanc Trust Co. are accused of orchestrating an illegal $44 million transaction that allowed the firm to unload its shares in a portfolio company to the company’s workers at an unfair price, according to a proposed class action filed in the Northern District of Illinois.

Biden Seeks Rapid Help for Millions as Big Stimulus at Risk (3)

President Joe Biden will mark his third day in office with executive actions to boost food assistance for impoverished Americans and use federal contracts as a step toward his proposed nationwide minimum-wage hike, seeking immediate help for an economy struggling to cope with Covid-19.

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