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Former Perseus Execs Demand Payout for Role in $120 Million Acquisition
5 monthes ago - By WWD
The former top executives of Perseus Books could be looking at an extended legal fight to get what they see as their fair share from the company's acquisition by Hachette Book Group.
Perseus and its former private equity owner Center Lane Partners told a Manhattan court on Monday that David Steinberger, Charles Gallagher and Richard Joyce, former chief executive, chief financial officer and chief marketing officer of Perseus, respectively, have no rights to any net proceeds realized by the 2016 acquisition in pushing for an outright dismissal of the lawsuit.
Perseus now operates as a...
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