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...
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