Cayman Court Orders Apple Tree Partner to Forfeit Oversight of Venture Fund
A Cayman Islands court has ruled that Seth Harrison, general partner at biotech venture firm Apple Tree Partners (ATP), must relinquish control over the fund. The decision could transfer management authority to two independent directors from Alvarez & Marsal. This follows a protracted legal dispute between ATP and its major funder Rigmora Biotech Investors.
Topics: biotech corporate_dispute venture_capital