The founders of a trampoline park business filed suit in Delaware against its controlling stockholder, Palladium Equity Partners LLC, claiming the private equity firm duped them into a self-dealing refinancing during the early days of the pandemic instead of taking a government rescue loan.
The derivative lawsuit, made public late Monday, targets several Palladium affiliates and its appointees to the board of Trampoline Acquisition Parent Holdings LLC, the umbrella company Palladium formed after buying CircusTrix and two other trampoline park businesses in 2016 and 2017.
The suit accuses Palladium and its board affiliates of engineering the refinancing after misleading the ...
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