CEVA executives who lost investments take new complaint against Apollo to court

December 19, 2018 Alex Lennane

CEVA management who claimed they were forced by private equity shareholder Apollo Global Management to put “skin in the game” – investments that were later rendered worthless – have amended their complaint in a Florida court.
The filing noted that during the original negotiations those executives who had been holders of TNT equity were “collectively required to contribute 9% of initial capital contributions (€15m)” to CIL, a Ceva investment company.
The filing ...

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