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. —...
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