A leveraged buyout fund sued a venture capital firm, claiming an operating company sold to the plaintiff had been valued inappropriately and alleging failure to disclose material information about the operating company.
Retained by Kirkland & Ellis
A leveraged buyout fund sued a venture capital firm, claiming an operating company sold to the plaintiff had been valued inappropriately and alleging failure to disclose material information about the operating company. Retained by defense counsel, Cornerstone Research worked with Professor Paul Gompers of the Harvard Business School to assess the customs and practices of due diligence in venture capital transactions, to consider the materiality of information in such transactions, and to examine the valuation analysis prepared by the plaintiff’s expert. After both experts submitted reports and were deposed, the case settled.