Federal Court Repeatedly Validates TSVC’s Claims Against Foothill Ventures, Rejects Attempts to Use Prior Arbitration to Avoid Liability for False Advertising

LOS ALTOS, Calif.--(BUSINESS WIRE)-- #foothill--TSVC (formerly TEEC Angel Fund), a leading Silicon Valley venture capital firm, has secured a series of pivotal federal court victories in its ongoing false advertising lawsuit against Foothill Ventures. This lawsuit, an escalation of a dispute originating in April 2021 when current Foothill partners instigated a conflict over fund management by filing a lawsuit in Delaware Chancery Court (ultimately resulting in a private arbitration between indiv