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Investors Sue Kleiner Perkins, I-Bankers Over Fisker Loss

Law360 (July 19, 2018, 8:06 PM EDT) -- A group of investors who claim they were conned into buying shares in electric car manufacturer Fisker Automotive just before it filed for bankruptcy have sued the company’s former executives, venture capital firm Kleiner Perkins and the leaders of a now-defunct Chicago investment banking firm in Illinois state court.

In a suit filed July 13, Tellson Partners LLC and other investors say they were the targets of a plan coordinated by Kleiner Perkins and the investment bank, Advanced Equities Inc., after the venture capital firm realized that it had made a poor decision when it decided to back Fisker. The investors...

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