Ex-GC Of Thiel Venture Fund Says Director Lied To Investors

Law360 (November 8, 2019, 8:04 PM EST) -- A director at a venture capital firm co-founded by Peter Thiel “repeatedly” lied about investments and oversight of the business, the firm's ex-general counsel alleges in a lawsuit filed in California federal court.

Thursday's counterpunch complaint from Crystal McKellar accuses director Ajay Royan of Mithril Capital Management LLC of using falsehoods to “deflect investor concerns” about a largely inactive fund and persuade them not to vote to dissolve it.

McKellar, who is facing suits in both Texas and Delaware from Mithril Capital over her alleged “whisper campaign” against the firm, said she went to the FBI, the U.S. Securities and Exchange...

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