Centerview Defeats Ex-Partner David Handler’s Equity Claim (2)

Centerview Partners won a legal battle against former partner David A. Handler, who claimed he was entitled to an equity stake in the elite mergers and acquisition advisory boutique worth hundreds of millions of dollars.

A Delaware judge ruled Tuesday that Handler was not an actual equity partner in Centerview and that his title was only an honorific. Centerview founders Blair Effron and Robert Pruzan had argued that, because Handler wasn’t a true partner, he wasn’t entitled to the financial records that he sought in the suit.

Delaware Chancery Court Judge Sam Glasscock III noted that many other Centerview ...