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Essay Available:
Pages:
3 pages/≈825 words
Sources:
2 Sources
Level:
APA
Subject:
Law
Type:
Case Study
Language:
English (U.S.)
Document:
MS Word
Date:
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Topic:

Rajesh Idnani V. Venus Capital Management Case Study (Case Study Sample)

Instructions:

Go over the 2 cases (Rajesh Idnani V. Venus Capital Management and Commonwealth vs. Lars R. Berggen).
What needs to be written for each case:
Facts: Paragraph
Issue: 1-3 Sentences
Holding: 2-4 Sentences

source..
Content:
Law Case StudyNameInstitutional AffiliationDate
Rajesh Idnani V. Venus Capital Management Case Study
The case study is a dispute over the rights and the interests of plaintiffs Rajesh Idnani and Neelem Julian over hedge funds that are managed by the defendant Venus Capital Management Inc. which owned by defendant Vikas Mehrotra. In April 2003, a business marketer introduced plaintiff Idnan to the defendant Mehrotra. At that time, Mehrotra was raising funds to open a hedge fund business. Idnan and Julian were investors looking for an opportunity in investing in hedge funds. On May 28, 2003, they (Idnan and Julian) entered into an agreement with Mehrotra and the Venus Series Trust.
They agreed that the plaintiffs were to invest $150,000 in the trust and make a $ 2 million contribution towards the defendant's Venus Arbitrage Fund, L.P. in exchange for interests in the entities that may be later established by Mehrotra. On December 31, 2004, they made a limited liability company agreement with Mehrotra and his company. Mehrotra was the Chief Executive Officer and Chairman of Venus Capital Management. The Arbitrage Fund returned 12.24% , 9.47%, 14.11% and 16.50 % in 2004,2005,2006 and 2007 respectively CITATION Dav12 \l 1033 (David E, 2012). However, the disputes arose when from the beginning of 2007, Mehrotra had not paid the plaintiffs any management or performance fees that were received by Venus Capital Investment Partners.
In April in the year 2011, Evidox Corporation which is a Boston-based law firm that provides e-discovery services came to the office of the defendant Venus Capital Management to collect hard copy files so that they would be scanned to provide a database for the information. However, Mehrotra took it upon himself to review the documents that were necessary for the litigation process and discarded the other records before the arrival of Evidox. With the assistance of his Chief Operating Officer, Vikas Chawla, they cleaned out between 18,720 – 51,600 pages of material. Among the documents that were discarded included printouts of the online account statements for the Venus Funds, Vendor invoices, and credit card statements.
Issue
The legal issue that is, in this case, is whether the defendant should be sanctioned for destroyed evidence that should have been disclosed to the plaintiffs the rules that they laid down du...
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