Funds Can't Dodge $15M Contract Suit In Social Media JV

Law360, Los Angeles (March 22, 2013, 11:34 PM EDT) -- A New York federal judge on Friday tossed a bid by Galt Global Capital Inc. and others to dismiss a $15.5 million suit alleging they stiffed Antares Management LLC on work performed for their social media joint venture, finding the plaintiffs had sufficiently pled their claims.

U.S. District Judge Thomas P. Griesa denied a motion by Galt, Global Innovation Fund Ltd. and Galt principal Gary Bartholomew to dismiss a nine-count complaint by Antares and its founder, Saransh Sharma, saying that the plaintiffs had adequately pled a...
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