News & Insights

Lawsuit Over $341 Million Investment in Facebook Fund

On June 22, 2012, Sher Tremonte filed a lawsuit on behalf of its clients, a market research company and its principal, against a hedge fund and investment advisor over a proposed $341 million investment in a fund set up to buy private shares of Facebook. Sher Tremonte’s clients are suing to recover the finder’s fee they were allegedly promised for introducing the investor to the fund. Read the news article here.