Sep
01
Good Technology Investors Sue J.P. Morgan, Claiming Conflicts
BySilicon Valley start-ups often have to grapple with the competing interests of their founders, investors and employees. Now add one more to the list: their bankers.
The extent to which start-ups can be influenced by investment banks was highlighted on Thursday by the case of Good Technology, a mobile security software maker that was acquired last year by BlackBerry for a fire-sale price of $425 million.
In an amended suit in Delaware Chancery Court, Good’s shareholders said that J. P. Morgan, the start-up’s banker, had faced so many conflicts of interest in its dealings with the company that it led to Good selling itself for less than it was worth…
Good Technology Investors Sue J.P. Morgan, Claiming Conflicts
