T.J. Maloney

Thomas J. "T.J." Maloney is an American businessman, based in New York City. He is the CEO of Lincolnshire Management, a private equity firm that invests in middle-market companies.

Maloney was born in Boston, Massachusetts and grew up in Pelham Manor, a suburb adjacent New York City. He attended Iona Preparatory School, Boston College (B.A. 1975) and the Fordham University School of Law (J.D. 1979).[1][2][3]

Maloney attended law school with the expectation of working full-time in a family business headed by his father, Joseph Maloney. While he was in school, however, the family business was sold due to his father's illness.[4] After completing law school, he practiced law in New York City, specializing in law related to mergers, acquisitions, and securities, initially with the firm Finley, Kumble, Wagner and later as co-founder and partner in the firm of Maloney, Mehlman, and Katz.[2]

He was hired as managing director at Lincolnshire in 1993 and was made President and CEO in 1998. Among the successful acquisitions that occurred under his leadership include Prince Sports, Riddell Sports Group, American Coach Lines and Wabash National.[5] Current companies owned by Lincolnshire Management include True Temper Sports, PADI, and Allison Marine.

In 2007 the T.J. Maloney Chair in Business Law at Fordham's School of Law was established and endowed by Maloney.[6] In November 2008, Maloney and his wife Nancy made a $5 million gift to endow the T.J. and Nancy Maloney Library at Fordham Law School.[4]

Maloney received the 2007 Richard J. Bennett Memorial Award given by Fordham Law School in recognition of corporate leaders of high moral and ethical standards.[7] In September 2011, Boston College dedicated Maloney Hall in recognition of the Maloney family's commitment to Boston College.[3] He is a current member of the Boston College Board of Trustees, a former member of the Fordham University Board of Trustees and a former member of the Tilton School Board of Trustees. He also is currently the Co-chairman of the Boston College Wall Street Council.[8]

In 2011, Maloney was named as a defendant in a civil lawsuit filed against Lincolnshire Management by an investor. The lawsuit alleged breach of contract and "unjust enrichment" by Lincolnshire, which it said had made excessive deductions for fees, expenses and interest from an investment fund managed by Lincolnshire. Maloney was alleged to have personally misappropriated $7.6 million from the investment fund.[9] The case was assigned to the Supreme Court of the State of New York in Manhattan. Judges' rulings in November 2011 and December 2012 resulted in dismissal of several of the allegations, including charges against Maloney.[10][11]

References

  1. ↑ Taylour Kumpf (September 26, 2011; updated January 9, 2013). "Welcome to the Block, Maloney; One Less Nameless Building for BC, 21 Campanella Way Now Maloney Hall". The Heights (Boston College). Check date values in: |date= (help)
  2. ↑ 2.0 2.1 "Thomas J. Maloney J.D., Chief Executive Officer and Member of Investment Committee, Lincolnshire Management, Inc.". Bloomberg BusinessWeek. Retrieved March 19, 2013.
  3. ↑ 3.0 3.1 Boston College website, Spring 2012 edition.
  4. ↑ 4.0 4.1 "Alumnus Gives Back—$5 Million Worth—to Law School Community that Nurtured Him". Fordham University. November 10, 2008.
  5. ↑ "The Deal Magazine, July 2010". Thedeal.com. 2010-07-02. Retrieved 2013-03-28.
  6. ↑ Fordham University School of Law website; accessed June 6, 2014.
  7. ↑ Fordham University School of Law website, March 2013; accessed June 6, 2014.
  8. ↑ Maloney profile, Boston College website, March 1, 2013.
  9. ↑ Nathan Vardi (April 26, 2011). "Investor Sues T.J. Maloney And His $1.8 Billion Private Equity Firm Alleging Bogus Fees". Forbes.
  10. ↑ Eric Hornbeck (November 22, 2011). "Judge Trims Lincolnshire Suit Over $99M Award". Law360 (a Lexis Nexis Company).
  11. ↑ Eric Hornbeck (December 3, 2012). "Lincolnshire Suit Over $99M Award Slashed Again". Law360 (a Lexis Nexis Company).

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