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Article: North Carolina Lawmaker Threatens Suit over Disclosure about Biotech Company.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- October 31, 2002
CopyrightCOPYRIGHT 2002 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Jay Price, The News & Observer, Raleigh, N.C. Knight Ridder/Tribune Business News
Oct. 31--Rep. Art Pope threatened Wednesday to sue the Golden LEAF Foundation -- responsible for handling $2.3 billion of the state's tobacco settlement share -- if it doesn't hand over records about a deal to place $30 million with a new biotech venture capital company.
He also said he would call for a state audit if the foundation doesn't surrender the records.
Catalysta Ventures, a Durham investment and management firm, is starting the new company, BioVista. John Crumpler, a financial backer of Gov. Mike Easley, is a partner in Catalysta.
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