A Hong Kong-based financial firm filed suit in Delaware over its allegedly unexplained ouster from a joint venture formed to buy a piece of SpaceX, Elon Musk’s private space flight company.
The lawsuit, made public Tuesday, accuses Tomales Bay Capital LLC affiliates of abruptly breaking off their partnership with Leo Investments Hong Kong Ltd. without offering any explanation other than a vague reference to regulatory scrutiny in China, where Leo’s parent company is based.
Leo, an indirect subsidiary of Leo Group Co., has yet to receive any substantive explanation for the venture’s collapse in late November and the return of ...
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