Venture Capital Fund Favorably Resolves Partnership Dispute

  • Orange County Superior

Obtained a favorable settlement for a venture capital company.  The fund was sued for fraud, breach of fiduciary duty, and breach of contract based on allegations that the fund improperly competed through another entity.  After compelling the case to arbitration, we filed counterclaims against the other investors.  While our summary judgment motions were pending, the matter settled with our client as the only party receiving any compensation although our client had been the defendant in the initial action.