SAN FRANCISCO – A San Francisco corporation alleges a Redwood City corporation misled it into an asset purchase agreement.
BrightBytes Inc. filed a complaint on March 30 in the San Francisco County Superior Court against Hapara Inc., Jan Zawadzki and Does 1-20 alleging intentional misrepresentation, negligent misrepresentation, breach of contract and other counts.
According to the complaint, the plaintiff alleges that it suffered damages from being misled into entering into an asset agreement. The plaintiff holds Hapara Inc., Zawadzki and Does 1-20 responsible because the defendants allegedly stalled the asset sale and breached the no-shop and confidentiality provisions of the letter of intent.
The plaintiff seeks compensatory damages, order the return of the $500,000 bridge loan plus interest, consequential damages, interest, punitive and exemplary damages, all legal fees and any other relief as the court deems just. It is represented by James N. Kramer and Blake L. Osborn of Orrick, Herrington & Sutcliffe LLP in San Francisco.
San Francisco County Superior Court Case number CGC17557869