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Hey guys, I was reading through the background on Forgent Power since it IPO'd today. I found a court case in LA (25STCP00746) where the PE firm is getting sued for 50% ownership of the main factory.
Seems sketchy hiding a $200M lawsuit and then how much stock Neos is selling day 1
Has anyone else looked at this? It seems like they are selling shares while the judge denied their dismissal motion in November. Just trying to figure out if this is standard for PE roll-ups or if it's a major risk I should worry about before buying. Thanks