The founder and majority shareholder of a predictive technology company has insufficient contacts with Texas to face a suit there by investors alleging fraudulent inducement and securities fraud, a Texas appeals court ruled.
Guidewave Consulting LLC founder Johan Bollen won dismissal of claims stemming from the plaintiffs’ investment of $500,000 in predictive technology. Guidewave is an Indiana company, and Bollen is a resident of Indiana.
The investors, who are Texas residents, failed to show that Bollen participated in a web conference they attended or that he met with any of the investors who are a party to the suit, the ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.