
Portland Entrepreneur Files $350M Lawsuit Against Private Equity Firm
Portland entrepreneur Jim Wolfston has filed a $350 million lawsuit against Rubicon Technology Partners, alleging the private equity firm misled him during its majority acquisition of CollegeNET and then fired him months later under false pretenses. The suit claims Rubicon promised to keep Wolfston in leadership but instead blocked product development, imposed cost-cutting measures, and ultimately terminated him after he raised concerns. The case highlights the risks founders face when selling to private equity, especially when post-close expectations for control and strategy diverge.
%20Loans%20%26%20Your%20Buy-Side%20Edge.png)






.png)




