It looks like
The lawsuit, filed in the
According to NorthPointe, documents subsequently obtained through the discovery process revealed that Nationwide was planning on replacing NorthPointe as a sub-advisor on its mutual funds even before the buyout agreement was sealed.
“This law suit (sic) cannot be characterized as baseless,”
NorthPointe filed its lawsuit in
“The evidence is overwhelming that Nationwide never intended to honor the commitments it made when it agreed to sell us their majority interest,” stated
Spokespeople for both firms were not immediately available comment on the lawsuit.
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