Investment Fund Defends Against Investor Suit

Stradling represents an investment fund that is an investment fund of a larger conglomerate. The larger conglomerate provided an opportunity for certain individuals to co-invest with it into an investment fund with several promising start-ups within its portfolio. Those individuals filed suit alleging securities and investment fraud, and breach of fiduciary duty, among other claims, pending in the Central District of California.   Upon Stradling’s  stated intention to file a motion to dismiss, plaintiff investors elected to amend their complaint.