DUBAI Oct 4 Bahrain-based private equity
investor Investcorp said on Tuesday that a subsidiary
was being sued by New York-based investment manager Kortright
The subsidiary, Investcorp Investment Advisors, partnered
with Kortright in July 2013 in order to provide Kortright with
"stable growth capital" while "offering Investcorp and its
investors access to a specialised event equity strategy",
according to information on Investcorp's website.
In its brief statement to the Bahrain bourse on Tuesday,
Investcorp did not give any details of the suit but said: "We
regard the lawsuit to be groundless and we will defend against
the lawsuit vigorously."
(Reporting by Hadeel Al Sayegh; Editing by Andrew Torchia)