Fund Rejected $341M Investment To Cheat Research Co.: Suit

Law360, New York (June 25, 2012, 10:47 PM EDT) -- A market research company accused a social media investment fund Friday of purposefully rejecting a major investor willing to give the fund $341 million to invest in Facebook Inc. before its initial public offering in order to stiff the company out of a $15.5 million finder's fee.

Antares Management LLC and founder Saransh Sharma sued Global Innovation Fund Ltd. — a fund formed by Galt Global Capital Inc. and Gary Bartholomew primarily to invest in social media companies including Facebook, Twitter Inc. and LinkedIn Corp. —...
To view the full article, register now.