Los Angeles, CA, December 4, 2014
PRNewswire— Breakaway Capital today announced that Monroe Capital LLC will dismiss its lawsuit against Warren Woo and Breakaway Capital.
In a statement, Ted Koenig, President and CEO of Monroe Capital said, “Upon further investigation, it is clear that Warren’s actions were not improper.”
Warren Woo, Managing Partner of Breakaway Capital Partners Fund, LP said, “I am pleased with the settlement and with the acknowledgement that my actions were in no way improper. As a result of remaining a limited partner in Monroe Capital Partners Fund, LP with a financial interest in the general partner of the fund, I look forward to remaining economically aligned with Monroe going forward.”