Palladium Equity Partners LLC and the founders of the CircusTrix, Rockin’ Jump, and Sky Zone trampoline parks have settled litigation alleging the private equity firm duped minority members of the parks’ umbrella parent company into a self-dealing refinancing during the early days of the pandemic.
The Delaware Chancery Court on Friday approved the settlement and a $3.5 million fee award for the founders’ attorneys. The accord was “a remedy I could not have awarded at trial,” Vice Chancellor Morgan T. Zurn said in a bench ruling.
The terms of the accord resolved “issues surrounding the lack of transparency surrounding” refinancing ...
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