Investment management firm SPCP Group LLC must face a lawsuit claiming it knowingly participated in an illegal transaction in which a health-care holding company became employee-owned through an employee stock plan, a federal judge in California ruled.
The lawsuit challenges the role SPCP—an affiliate of hedge fund Silver Point Capital Partners—played in a 2015 transaction in which the owner of KPC Healthcare Holdings sold 100% of his stock in the company to a newly-formed employee stock ownership plan for about $227 million. Plan participant Danielle Gamino says SPCP, which participated in the transaction by selling stock warrants to KPC, had ...
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A former Tasmanian nurse has had her registration cancelled after a tribunal found she falsely claimed qualifications when applying for paramedic and senior nursing jobs. In a decision handed down...