Breach of fiduciary duty alleged against Erel Margalit and JVP
Glenn Schwaber, an investor in one of the funds advised by Jerusalem Venture Partners, has sued JVP, and the prominent Israeli venture capitalist who founded it, in the Court of Chancery of Delaware, challenging transactions in which he alleges that Erel Margalit, the founder and chairman of JVP, broke the law by self-dealing.
Margalit was a member of the Knesset, representing the Labour Party, 2013 - 2017. Forbes once named him the world’s highest ranking non-American venture capitalist.
The lawsuit is brought in parallel with an arbitration action against Margalit. In both . . .
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