Alex Lash of Xconomy wrote,
"A spokeswoman for the San Francisco-based financier told Xconomy that Burrill made the decision Friday and has decided to keep a low profile. Burrill has not made a statement since news of the lawsuit broke last week.
"The spokeswoman said his lawyers should file a response to the lawsuit by the end of July."(Editor's note: The information from Alex Lash was added after this item was originally posted.)