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Jeremy Levine

Court pares Intego suit

1 Apr, 2013

U.S. District Judge Cathy Seibel pares the lawsuit against Bessemer, cutting more than half of the claims by Intego parent Neutral Holdings, but rejects Bessemer’s motion to dismiss several claims against it. (A summary of the claims is here.) Neutral Holdings attorney Philippe C. M. Manteau:

This opinion is especially important for non-U.S. entities seeking investment from U.S. venture capitalists by providing these foreign entities with an adequate level of comfort and predictability as minority shareholders in cross-border ventures.