Penn, LLC v. Prosper Business Development Corp.

COOK, Circuit Judge.

A lengthy arbitration and a series of state lawsuits over the management and dissolution of Plaintiff-Appellant BIGre-search, LLC, the joint venture of Plaintiff-Appellant Penn, LLC and Defendant-Ap-pellee Prosper Business Development Corporation, culminated in this civil action. Penn sued Prosper for, among other things, breaching its fiduciary duty as BIGresearch’s managing entity and majority stakeholder. Prosper asserted counterclaims of its own, including one for abuse of process. After three years of motion practice and a sixteen-day jury trial, the district court…