Venture firm Formation8 dropped from U.S. lawsuit over sexual assault

Venture firm Formation8 was dropped as a defendant in a U.S. civil lawsuit that accused one if its co-founders, Joe Lonsdale, of sexual assault, according to a court document filed Thursday.

In the filing, attorneys for plaintiff Elise Clougherty did not explain their reasoning but said the case, filed in January, should move forward only against defendant Lonsdale, who is also a co-founder of secretive technology firm Palantir.

Clougherty, a former girlfriend of Lonsdale who started dating him in 2012 while she was a Stanford student and he was her mentor, accused him of sexual assault and related charges. The case has gripped Silicon Valley, in part because of its lurid details.

In a countersuit, Lonsdale denied the charges, accusing Clougherty of defamation and emotional distress as part of a "vicious and vengeful campaign" that seeks to destroy his reputation.

In her original suit, Clougherty accused Formation8 of negligent supervision, saying she worked for Lonsdale and Formation8 as an intern in the summer of 2012.

Clougherty's complaint against it lacks merit, Formation8 said in a February filing, in part because Clougherty did not identify any harm she suffered as a result of negligence by Formation8, only from her personal relationship with Lonsdale.

The allegations against Lonsdale have surfaced as another high-profile case involving a venture-capital firm and gender issues in Silicon Valley reached the trial stage. Ellen Pao, a former partner at Kleiner Perkins Caufield & Byers, is set to testify in coming days in her discrimination and retaliation suit against that firm.

Tags
Formation8, Elise Clougherty, Silicon Valley, Ellen Pao, Joe Lonsdale
Join the Discussion
Related Articles
More Home News
Biden Faces Massive Pushback Over Controversial Plan to Tax Unsold Assets, Americans Say No

Biden Faces Massive Pushback Over Controversial Plan to Tax Unsold Assets, Americans Say No

New York Squatter Fatally Shoots Two Bangladeshi Workers in Abandoned House Incident

New York Squatter Fatally Shoots Two Bangladeshi Workers in Abandoned House Incident

Controversial Kansas Legislation Could Extend Child Support Rights to Unborn Fetuses

Controversial Kansas Legislation Could Extend Child Support Rights to Unborn Fetuses

Court Strikes Down California's Split Lot Housing Law as Unconstitutional

Court Strikes Down California's Split Lot Housing Law as Unconstitutional

Real Time Analytics