Kirkland & Ellis Accused of Conflict in Private Equity Spat

Law firm Kirkland & Ellis has been drawn into a dispute between investors of Ascent Resources and the private equity firm that’s seeking to raise a continuation fund to prolong its hold on the natural gas producer.

Mason Capital Management questioned the law firm’s role representing the Ascent board while also advising the private equity firm, Energy & Minerals Group, in its legal fight with another Ascent investor, the Abu Dhabi Investment Council, according to a letter seen by Bloomberg.