Linkable Bleeding Cash And Tightlipped About Sale, Suit Says

Law360, Wilmington (August 24, 2017, 7:56 PM EDT) -- Boston-based advertising analytics company Linkable Networks LLC was hit with a books-and-records request Thursday in Delaware Chancery Court by an angry investor that said Linkable is bleeding cash and finalizing a sale process but refusing to talk about it.

Paraflon Investments Ltd., a private investment company based out of the British Virgin Islands, says it has put roughly $7.25 million into Linkable since 2014, making Paraflon one of Linkable’s largest investors, according to the complaint.

In recent months Paraflon has “repeatedly requested” that Linkable turn over information relating to “mounting losses” possibly caused by “mismanagement and/or wrongdoing,” as well as a...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!