Of Burning Bridges And Liquidating Trusts: Enhanced Liability Risks For VCs And VC Funds Extending Bridge Loans
Mondaq Business Briefing › United States Law Articles in English (2011)
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Of Burning Bridges And Liquidating Trusts: Enhanced Liability Risks For VCs And VC Funds Extending Bridge Loans
A federal appeals court recently handed down a chilling reminder of the risks inherent in failing to address conflicts of interest and process issues in distressed venture capital and private equity financings. In CDX Liquidating Trust v. Venrock Associates, No. 10-1953 (March 29, 2011), the U.S. Court of Appeals for the Seventh Circuit reversed a defense judgm...
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