Mike Leonard

Affiliates of financial market maker Global Trading Systems LLC prevailed in their bid to compel arbitration of a fight over private shares that began before last month’s record-shattering initial public offering by rocket business. A Delaware Chancery Court judge sent the dispute back to an arbitrator Tuesday, rejecting an injunction request by Trellis Software Inc., which had sued to halt the proceedings.

Crestview Advisors LLC exploited its control over WideOpenWest Inc. to take the cable and fiber company private for a steal, according to an unsealed lawsuit challenging the $1.5 billion transaction. Two hedge funds are suing Crestview in Delaware’s Chancery Court, saying the private equity firm and its allies on the inside teamed up with DigitalBridge Investments LLC to back WOW into a corner and force out public investors for a paltry $5.20 per share.

Private equity affiliates of Detroit Pistons owner jeopardized the future of by pledging shares worth $3.8 billion as collateral for an enormous margin loan, according to an unsealed lawsuit. A pension fund is suing Gores’ Platinum Equity LLC in Delaware’s Chancery Court, saying it violated multiple Ingram policies—including an insider trading ban—by pledging 81% of the company’s shares to secure a greater than $1 billion loan for itself.