Monroe fires Woo for allegedly taking confidential info; Woo fires back

Monroe Capital LLC is suing Warren Woo, a former managing director, for allegedly stealing information to help launch a rival firm, Breakaway Capital. In response, Woo called the suit a “direct retaliation” for his complaints about management and said the firm knew of his desire to leave for several months


Venture firm gets SEC slap for improper registration exemption

A Pennsylvania-based venture capital firm, TL Ventures, improperly claimed an exemption from the rules of the 2010 Dodd-Frank financial reform law requiring private equity firms to register with the agency as investment advisers, according to a recent ruling by the U.S. Securities and Exchange Commission.

Kumble awarded in breach of contract dispute

Private equity fund manager Lincolnshire Management earlier this year commenced an arbitration seeking more than $11,000,000 in damages from its former president and CEO Steven J. Kumble in a breach of contract dispute. After an eight-day arbitration, Kumble was awarded over $1.4 million plus interest on his counterclaims that Lincolnshire had wrongfully withheld money from him as an investor in one of its private equity funds, including unauthorized litigation management fees charged to the fund, and unauthorized loan deductions taken by Lincolnshire.

Former Pantheon Principal Claims Discrimination

On the heels of KPCB’s brewing legal saga, a former principal at Pantheon Ventures, Carol Foster, has sued the firm for gender and age discrimination, as well as defamation, according to a lawsuit filed in Superior Court of California.

Start-ups Fight Back as Patent Wars Intensify

Increasingly, startups are likely to take on courtroom battles–coming at a time when their big strategic counterparts are also spending big on their legal strategies. But can NPEs squeeze the life out of Silicon Valley?

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