Josh Raffaella, who has deep roots as an investor of the Silicon Valley and was supported by many firms Elon Musk, suits his former employer, massive trillion dollars Aum Brookfield Asset Management, reports the New York Times.
A major part of Raffaella’s grievance concerns how Brookfield covered losses related to the pandemic of real estate and claims that the company released him after submitting the grievance of informants at SEC. His lawsuit gives allegations akin to fraud and bribe, while Brookfield deny all offenses rapidly, said The Times.
In February, Brookfield quietly closed the Venture Capital unit run by Raffaella and threw some assets on one other unit, Bloomberg reported at that point. One of Raffaella’s complaints in the lawsuit is that Brookfield didn’t buy so many shares in firms belonging to musk because he provided the possibility of purchase.
Raffaella had shopping transactions in Musk, akin to SpaceX, XAI and a boring company, claims the claim. Bloomberg announced that his Brookfield fund was a great supporter of Twitter’s takeover by Musk.
The lawsuit is a very public battle of Raffaella, who previously worked as a partner at VC, known at the time as a drapeer Fisher Jurvetson. (Today it is a collection of funds.) In DFJ Brookfield, it has helped this company invest in Musk, akin to Solarcity (acquired by Tesla), Spacex and Tesla.