Judge orders Apple Tree partner to forfeit oversight of venture fund

AI Summary

A Cayman Islands court has ordered Apple Tree's partner to forfeit oversight of a venture fund amid a legal dispute involving bankruptcy and a bid for portfolio companies by general partner Seth Harrison. This ruling adds complexity to ongoing litigation.

The ruling from a Cayman Islands court adds a new wrinkle to an ongoing legal dispute that’s already resulted in a bankruptcy filing — and a bid by general partner Seth Harrison for the firm’s portfolio companies.