Binary Capital Settles Harassment Suit That Roiled Silicon Valley

Now-defunct venture capital firm Binary Capital and its founders are settling a 2017 harassment and discrimination lawsuit brought by former principal Ann Lai that helped sink the firm and played into a larger reckoning about gender in Silicon Valley.

The settlement terms of the case, much of which involved the use of non-disclosure agreements to prevent employees from speaking out about conduct at the firm, could deter other companies from relying on similar arrangements.