A lawsuit over a failed SpaceX investment venture can proceed after a Delaware judge held that breach of contract allegations against the party that ended the partnership were reasonable.
The case involves a joint venture formed by Leo Investments Hong Kong Ltd. and Tomales Bay Capital LLC to buy a piece of Elon Musk’s private space flight company. Leo alleges that Tomales terminated the deal less than a week after signing it.
It’s reasonable to think Tomales, as general partner of the venture, didn’t do what the contract required or attempt to fix the problem when SpaceX expressed “unhappiness” with ...
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