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Supreme Court to hear Renaissance Learning case

Justices will consider appeal of Data Key Partners' lawsuit challenging 2011 sale of Wisconsin Rapids-based educational technology provider

1:06 PM, Feb. 11, 2014
Renaissance Learning Inc.'s world headquarters Friday Jan. 20, 2012, in Wisconsin Rapids.
Renaissance Learning Inc.'s world headquarters Friday Jan. 20, 2012, in Wisconsin Rapids.
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The Wisconsin Supreme Court will hear a case involving a Wisconsin Rapids-based educational technology provider and its 2011 sale to a European private equity firm.

Renaissance Learning Inc., which sold to London-based Permira Advisors LLC in 2011, remains at the heart of the lawsuit, brought by Data Key Partners, one of the company's minority shareholders. The lawsuit challenged the sale, alleging that board members breached their fiduciary duties, failed to disclose certain information to shareholders and that Permira aided and abetted such a breach of duty.

The high court will ...

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