Category: Uncategorized

December 4, 2014 Monroe Capital LLC today announced that it will dismiss its lawsuit against Warren Woo and Breakaway Capital. "Upon further investigation, it is clear that Mr. Woo's actions were not improper," said Ted Koenig, President and CEO of Monroe Capital. "We are pleased to have reached a mutually satisfactory settlement agreement with Mr. Woo. Mr. Woo will remain a limited partner in Monroe Capital Partners Fund, LP and will remain economically aligned with Monroe going forward as a result of his retained financial interest in the fund's general partner....

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." ...