Partner Imitated Firm To Poach Investors: Blackford Owner

Law360, New York (January 2, 2013, 6:17 PM EST) -- A San Francisco private equity investor on Friday sued his partner in Blackford Capital Associates LLC for starting a side business that masquerades as the original Blackford Capital to allegedly poach limited partners and investment opportunities from the namesake firm.

In a lawsuit filed in California federal court, Anthony P. Kiehn accuses his partner — Martin Stein, founder of Michigan-based Blackford Capital Associates II Inc. — of engaging in unfair competition under the federal Lanham Act and California state law, breaching his operating agreement for the...
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