Ousted Partner Sues Xfund’s Chung, Claiming Fraud and Defamation
- Van Vuuren seeks jury trial, damages to be determined in court
- Harvard-linked VC fund continues to crumble as partners fued
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A legal battle between the managers of Xfund, a venture capital firm with ties to Harvard University, New Enterprise Associates and venture capitalist Jim Breyer, entered a newly intense and bitter phase.
Hugo Van Vuuren, co-founder and general partner of Xfund, sued his partner, Patrick Chung, for breach of fiduciary duty, defamation and fraud. He also demanded a jury trial and damages to be determined at trial.