Denver Ventures says ‘far-fetched’ lawsuit ‘nothing more than a smear campaign’ (opens original article in a new tab)

Denver Ventures has asked a judge to dismiss a lawsuit by co-founder Paul Foley, calling it a 'far-fetched' smear campaign. Foley alleges that his business partners conspired to siphon assets from Denver Angels to Denver Ventures, but the defendants claim the license agreement was legitimate and not improper.

• Denver Ventures seeks to dismiss Paul Foley's lawsuit, calling it a 'smear campaign'.
• Foley accuses partners of conspiring to move assets to Denver Ventures, which he does not own.
• Defendants argue the license agreement was legitimate and did not siphon assets from Denver Angels.