Capital Markets
Company Overview of Aequitas Capital Management, Inc.
Company Overview
5300 Meadows Road
Suite 400
Lake Oswego, OR 97035
United States
Founded in 1993
Key Executives for Aequitas Capital Management, Inc.
Aequitas Capital Management, Inc. Key Developments
A lawsuit against Aequitas Capital Management Inc. has expanded to include a "breach of fiduciary duty" claim, an allegation that the firm didn't act in the best interests of its investors. In November, Western Property Holdings LLC sued Aequitas Capital Management Inc. over a sour business deal. The lawsuit expanded to the new allegation. Western Holdings alleges that Aequitas breached its fiduciary duty by subsequently blocking a $1.6 million deal to sell Vivato's collateral, which included patent and intellectual property rights. The deal would have paid back the $1 million loan in full. Western Holdings alleges Aequitas blocked the $1.6 million deal because it was acting on behalf of a group of creditors of Catcher, which had an investment banking relationship with Aequitas.
Aequitas Capital Management, Inc. named Perkins Coie attorney Steve Hedberg as its chief operating officer. Hedberg will oversee business operations for Aequitas, including legal, human resources, information technology, administration, facilities, marketing and fund operations. Hedberg was previously a partner at the law firm Perkins Coie LLP. He worked at the firm for 20 years. He was also previously a partner at Miller Nash.
American Student Financial Group Inc. has filed a federal lawsuit against Aequitas Capital Management Inc. which alleges the investment firm double-crossed it on a deal to buy millions of dollars in student loans. American Student Financial Group Inc. (ASFG) also alleges Aequitas continues to use its name to generate new business and purchase loans, even though no business relationship exists between the two companies. It seeks $1.56 million in unpaid commission fees as well as a court order to stop Aequitas from doing business using the ASFG name and business strategies. It will seek additional damages at trial, including punitive damages. An Aequitas executive called the suit a "contractual dispute" that should be resolved quickly. Aequitas has until next week to formally respond to the lawsuit, filed in U.S. District Court in the Southern District of California on Nov. 28.
Similar Private Companies By Industry
| Company Name | Region |
| Oak Ridge Schools Federal Credit Union | United States |
| CoveView Advisors LLC | United States |
| Evarts Capital | United States |
| Concept Brokerage Holding Corporation | United States |
| Landstar Contractor Financing, Inc. | United States |
Recent Private Companies Transactions
| Type Date |
Target |
|
Merger/Acquisition
February 19, 2013 |
Evolute Consolidated Holdings, Inc. |
Most Searched Private Companies
| Company Name | Geographic Region |
| NYC2012, Inc. | United States |
| Bertelsmann AG | Europe |
| Lawyers Committee for Civil Rights Under Law | United States |
| Rush University | United States |
| Greater Houston Partnership | United States |
Post a JobJobs
- New York, NY | PwCPosted: Mar 10
- Boston, MA | PwCPosted: Jan 16
- New York, NY | Genpact Headstrong - Capital Markets & IT ServicesPosted: Apr 28
- San Francisco, CA | Robert Half Management ResourcesPosted: May 23
Sponsored Financial Commentaries
Sponsored Links
To contact Aequitas Capital Management, Inc., please visit www.aequitascapital.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.
