Investors in a life sciences venture capital firm fire its founder, Stephen Burrill, after a Burrill fund's managers allegedly uncover $20 million in misappropriations.
The investors behind a $283 million venture capital fund ousted its high-flying founder, Stephen Burrill, after the fund's manager allegedly discovered that Burrill and his company's chief counsel and its CFO misappropriated nearly $20 million from the fund, according to a lawsuit filed in a California state court.
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