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Ls Cable & System Files Countersuit Against Private Equity Fund, Claiming Excessive Profits Despite Responsibility for Delisting
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[Digital Daily Reporter Choi Min-ji] LS Cable & System is embroiled in a legal battle with private equity fund Kestone Partners. LS Cable & System maintains that Kestone Partners, an investor, is responsible for the failure of its electric vehicle parts subsidiary LS EV Korea (LSEVK) to list, yet is unfairly demanding excessive profits. LS Cable & System announced on the 23rd that it has filed a counterclaim against Kestone Partners' lawsuit for…
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