Please note that log in for BLAW products will be unavailable for scheduled maintenance on Sunday, February 5th from approximately 4 AM to 5 AM EST.
Bloomberg Law
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Law
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

Perelman Sheds Hedge Fund’s Scientific Games Appeal (Corrected)

Dec. 17, 2020, 11:20 PMUpdated: Dec. 18, 2020, 3:05 PM

Scientific Games Corp.'s second-largest shareholder, a Sylebra Capital hedge fund, dropped its bid to have Delaware’s top court revive claims that billionaire Ron Perelman tried to force it out of the gaming company using phony concerns over its former stake in a payment processor tied to Russia’s war in Ukraine.

Sylebra Capital Partners Master Fund Ltd. has dismissed its appeal of a ruling by Vice Chancellor Joseph R. Slights III in Perelman’s favor, according to filings in Delaware Chancery Court and the state Supreme Court. Slights held Oct. 9 that the dispute belongs in Nevada, where Scientific Games is headquartered, ...