Archean Capital Partners

The Kentucky-based private-equity firm founder and manager John Stewart, who heads Resolute Racing, has reached an "agreement in principle" to settle a civil complaint against his MiddleGround Capital, which was sued last month by another investment company over an alleged "bad faith" refusal to pay $22 million in contractually due revenue shares. News of the in-the-works settlement was posted on the online court docket for the New York Supreme Court shortly after 5 p.m. Jan. 22. The one-page entry on the docket did not explain the terms that are being...