Venture Capital Firms and Fiduciary Duties: Considerations and Developments for Corporate and Securities Counsel

Mon, 2013-06-10

Roger A. Lane and Courtney Worcester, Foley & Lardner LLP

noon-1 pm EST
1 hr

When venture capital firms invest in portfolio companies, it is common for a general partner of the fund to take a position on the company's board. It is understood that the general partner owes a fiduciary duty to the company's stockholders, but what about the venture capital fund itself? Under what circumstances may the fund be found to owe fiduciary duties to the company's other stockholders? The speakers will explore these questions in this evolving area of the law and provide practical advice for addressing them to counsel who advise venture capital funds and portfolio companies.