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Venture Firm Formation8 Dropped From U.s. Lawsuit Over Sexual Assault


Ron Burgundy
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By Sarah McBride SAN FRANCISCO (Reuters) - Venture firm Formation8 was dropped as a defendant in a U.S. civil lawsuit that accused one if its co-founders, Joe Lonsdale, of sexual assault, according to a court document filed Thursday. In the filing, attorneys for plaintiff Elise Clougherty did not explain their reasoning but said the case, filed in January, should move forward only against defendant Lonsdale, who is also a co-founder of secretive technology firm Palantir. Clougherty, a former girlfriend of Lonsdale who started dating him in 2012 while she was a Stanford student and he was her mentor, accused him of sexual assault and related charges. The case has gripped Silicon Valley, in part because of its lurid details.

 

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