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UNITED STATES OF AMERICA v. Novus Ventures II, L.P.
Case Number:
5:12-cv-00523
Court:
Nature of Suit:
Judge:
Firms
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August 09, 2012
Judge Approves SBA Takeover Of Venture Capital Firm
A California federal judge on Wednesday placed technology venture capital firm Novus Ventures II into receivership after it failed to pay back nearly $40 million in U.S. Small Business Administration loans.
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April 20, 2012
Seeking $40M Payback, SBA Asks To Take Over Venture Firm
The U.S. Small Business Administration asked a California federal judge Thursday to put it in charge of Novus Ventures II LP, a technology venture capital firm that has allegedly owed the agency nearly $40 million for years.