that gave Steel Partners an 85.12% equity interest in Steel Connect in exchange for $200 million in working capital for Steel Connect.
Dentons lawyers represented Steel Connect's board committee in the deal, while White & Case represented the company itself. Dentons said it billed Steel Connect seven times, with the last invoice being sent July 10. None of the invoices were paid, and neither Steel Connect nor its strategic planning committee complained about them, the firm said.
Spokespersons for Dentons, Steel Connect and White & Case did not immediately respond to requests for comment. Lawyers from Dentons' U.S. branch are representing the firm in the lawsuit, including Dentons US general counsel Edward Reich. The case is Dentons US LLP v. Steel Connect, Inc., New York County Supreme Court, Index No. Unassigned.Our Standards:David Thomas reports on the business of law, including law firm strategy, hiring, mergers and litigation. He is based out of Chicago. He can be reached at d.thomas@thomsonreuters.com and on Twitter @DaveThomas5150.
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