Sumi Munshani vs' Signal Lake Venture Capital Fund II, LP

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Sumi Munshanivs. Signal Lake Venture Capital
Fund II, LP
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Background

• Munshani filed a complaint
• claimed to be entitled to over 25 million
• fair value of services rendered
• In connection with a venture capital deal
• An email was used to issue purchase orders
• Hemant Trivedi is CEO of Terago Communications

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Case 2

• A broker dealing with venture capital makes some
  purchases for a client
• purchases totaled over 25 million
• Brokerage firm charges client
• Client denies ever making the purchase
• Broker produces an email authorizing the purchase
• Client still denies and refuses payment

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Case 2 (page 2)

• Broker sues client
• Special master is called in
• Combs through files
• Finds that the UNIX timestamp on the email
  matched a prior valid email
• Broker had altered email message
• Problem of confidentiality

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From the Shear Report

• by Kenneth Shear
• Munshani v. Signal Lake Venture Fund II, et al
• Email headers are on the next two slides

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