Actually, none of the investors or other individuals involved in the old lawsuit are associated with IBAT. It's time for you to do your DD before spreading fake FUD. See the excerpt below from this article:
"Simbol fired the vast majority of its employees in January, apparently having run out of money. And now one of Simbol's co-founders is suing the company, alleging that its Silicon Valley investors drove the startup into the ground by taking control of the board of directors and blocking new investments.
Scott Conley, an engineer who helped found Simbol in 2007, claims that several investors breached their fiduciary duties to the company's shareholders, improperly using their positions on the board of directors to ensure they would strike it rich if the startup were to succeed. According to the lawsuit, those investors included Mohr Davidow Ventures, which is based in Menlo Park, and Firelake Capital Management, which is based in Palo Alto."