CLOSEClose Menu

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Austin, Texas, venture capital firm Interfase Capital Partners sued its law firm, Baker Botts, claiming it should pay its investors if they win several lawsuits filed against it. Interfase filed the suit Oct. 23 in state district court in Austin. In July 2001, a group of Austin investors charged Interfase with fraud, mismanagement and theft, demanding more than $12 million in damages and fees. The case is in arbitration, with hearings scheduled to begin in January. In the suit against Baker Botts, Interfase continues to assert its innocence but argues that the law firm should be responsible if the litigants prevail because it provided legal advice and services. Robb Voyles, partner in charge of Baker Botts’ Austin office, said there’s no merit to the suit. “It’s difficult to respond when there are no claims made in the pleading,” he said. “But I’m confident that our work was of high quality.” Voyles said his firm hasn’t counseled Inferfase for probably two years. Paul Knisely, an attorney for Interfase, didn’t return calls seeking comment. Interfase was founded in 1999 by Scott Hyten, a former executive at Dallas information technology consulting firm Perot Systems Inc. He was later joined by Capstar Partners’ Steve Hicks, brother of Hicks Muse Tate & Furst’s Tom Hicks, in early 2000. Interfase invested in distressed Internet-based firms, including health site, which filed for bankruptcy last year, and defunct online retailers and �Copyright 2002, The Deal, LLC. All rights reserved.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at [email protected]


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.