A VC Firm By Any Other Name…

A rose by any other name may still be a rose, but investors have lost a unique opportunity to learn whether or not Shakespeare’s maxim also applies to venture capital firms.

Yesterday, attorneys for James Wickett and Bay Partners asked a Santa Clara Superior Court judge to dismiss with prejudice a complaint Wickett had filed last August after being forced out of the Cupertino, Calif.-based investment house.

The settlement brings to an end months of creative legal squabbling that has seen Wickett try to circumvent a contractual arbitration agreement by going after purported franchise value, goodwill and brand equity associated with Bay Partners. In its defense, Bay Partners has argued that it does not actually exist and, therefore, cannot be sued.

For more on this case and its ramifications, check out Monday’s issue of Private Equity Week.

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