• Billionaire violated agreement by attemping to derail sale • Fund seeking to cash out $150 million stake in energy firm
A judge ruled that billionaire William Koch can’t block Crestview Partners LP from forcing the sale of Koch’s Oxbow Carbon LLC so the private equity firm can cash out its $150 million investment in the energy company.
New York-based Crestview didn’t improperly conspire with Oxbow executives to oust Koch as chief executive officer of the producer of a key ingredient in aluminum to force a quick sale in violation of an agreement, Delaware Chancery Court Travis Laster concluded Monday.
William Koch
The ruling is the latest ...
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