Kainos Capital claims Bradley deleted thousands of emails: lawsuit
Kainos Capital said March 26 that it filed an answer and counterclaims in Delaware Chancery Court against Sarah Bradley, a partner and co-founder who sued the Dallas private equity firm in January. Kainos, in its counterclaims, alleges breach of contract and breach of fiduciary duty against Bradley. The buyout shop said emails and other evidence show Bradley “understood and agreed to changes in her ownership interest and the firm’s governance.” Kainos claimed that from October 2018 to January 2019, while the PE firm was working to launch its third fund, Bradley deleted thousands of relevant e-mails from Kainos’s servers in an attempt to destroy evidence, a court filings. “Ms. Bradley’s case is a baseless attempt to extort a financial settlement,” Kainos said in a statement. “Ms. Bradley’s actions are not those of a partner or a fiduciary and should not be rewarded.” Bradley, who is still listed on the Kainos site as a partner, claimed in a Jan. 25 lawsuit that Kainos cofounders perpetrated a fraudulent scheme to steal her 25 percent stake in the firm’s investment manager, Kainos Capital. See the Kainos counterclaim here
