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MBBP Client Prevails In Jury Trial 03/08/2012

Posted by Morse, Barnes-Brown Pendleton in Client News.
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MBBP’s Employment Practice Group recently obtained a very successful result for a Boston-area venture capital management firm in a jury trial at Middlesex Superior Court. The case involved an ex-managing partner who was hired by MBBP’s client to assist in the fundraising of a new venture capital fund. Soon after starting full-time, the fund terminated the executive’s employment relationship for cause.

Thereafter, the new executive sued both the fund and the senior managing partner for past salary, a carried interest bonus component – both of which the client did not contest – and a portion of the stock ownership of underlying fund investments based on a claim of fraud. After a 5-day jury trial, the jury returned verdicts in favor of the client on all “stock ownership” claims and affirmed that the employee’s termination was for cause.

MBBP’s team for this trial was partner Chris Perry, associate Maura Malone and paralegal Fran Lyle.

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