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STARVEST PARTNERS II, L.P. v. EMPORTAL, INC.

8182, 600489/09.

101 A.D.3d 610 (2012)

957 N.Y.S.2d 93

2012 NY Slip Op 9145

STARVEST PARTNERS II, L.P., et al., Respondents, v. EMPORTAL, INC., Appellant.

Appellate Division of the Supreme Court of New York, First Department.

December 27, 2012.

This action arises from Emportal's solicitation of venture capital financing from New York-based StarVest in late 2008. Emportal, a California-based software company, discussed with StarVest the possibility of StarVest purchasing approximately $3.5 million worth of Emportal preferred stock. After conducting some preliminary due diligence, StarVest decided to work alongside another venture capital firm named Leapfrog Ventures (Leapfrog...

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