Examples of Employee Investors in a sentence
Friedman is a managing member of FS Private Investments LLC, which is the manager of each of Furman Selz Investors II L.P., FS Employee Investors LLC and FS Parallel Fund LP, being the members of IDB Carriers (BVI) Limited.
In support of the fraud claim, McEvoy alleges that “beginning in October 2012 [the Defendants], knowingly and willingly, began to plan an unlawful scheme that would damage the Employee Investors by extinguishing the value of their restricted shares in CIL, while retaining equity value in and majority control in CEVA Holdings for themselves.” Florida Compl.
Soon thereafter, Newman called Patrick and in an “irate” telephone call told Patrick that he had agreed to pay Progressive’s fees.
Id. However, as previously noted, CIL’s interest in the CEVA Group was directly and adversely impacted by the CEVA Equity Transfer, since it fell from 100% to 00.01%.Moreover, the impact of that transfer on CEVA Logistics’ business is irrelevant to whether McEvoy can plead that the Employee Investors suffered personal and direct injuries.
At all times relevant to the Florida Complaint, the Employee Investors held roughly 344,000 shares of CIL’s Class A Shares, which represented approximately 8.6% of CIL’s Class-A equity.
First, McEvoy alleges that the damages that he and the other Employee Investors suffered “are personal and distinct from any damages allegedly suffered by CIL, to the extent that CIL suffered any damages at all.” Opp’n at 7.
The Employee Investors will have the preferential right to subscribe for and be allocated one Offer Share per 10 shares held in NattoPharma as of 24 November 2017 through vested share options.
The contributions paid by the Employee Investors including Hopeway Biotech were determined at the same rate as agreed between the Group and the non-employee investors.
The Employee Investors acknowledge that the value of their investment in CIL is derived from the value of CIL’s ownership interest in the CEVA Group equity.
Moreover, McEvoy concedes as much as he acknowledges that the “two discrete groups” that were harmed by the CEVA Equity Transfer were the PIK Noteholders and the Employee Investors.