Court partially denies Aptos Labs’ motion to dismiss Glazer’s $1 billion lawsuit By Cointelegraph
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Court partially denies Aptos Labs’ motion to dismiss Glazer’s $1 billion lawsuit A judge has partially denied a motion by Aptos Labs CEO Mohammed “Mo” Shaikh to dismiss a lawsuit filed by entrepreneur Shari Glazer, who claims to have been cheated out of equity as an early investor. According to a court transcript published on Oct. 10, fraud and three other legal claims were dismissed by the court, while three others were allowed to proceed, specifically breach of contract, unjust enrichment, and Glazer’s alleged entitlement to 50% of Matonee, parent company of Aptos Labs.
Aptos was founded by former Meta employees Mo Shaikh and Avery Ching. The founders were also involved in Mark Zuckerberg’s failed Diem project. Diem Association and its subsidiaries ceased operations in February, with Meta selling the intellectual property and other assets of the project.
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Court partially denies Aptos Labs’ motion to dismiss Glazer’s $1 billion lawsuit A judge has partially denied a motion by Aptos Labs CEO Mohammed “Mo” Shaikh to dismiss a lawsuit filed by entrepreneur Shari Glazer, who claims to have been cheated out of equity as an early investor. According to a court transcript published on Oct. 10, fraud and three other legal claims were dismissed by the court, while three others were allowed to proceed, specifically breach of contract, unjust enrichment, and Glazer’s alleged entitlement to 50% of Matonee, parent company of Aptos Labs.
Aptos was founded by former Meta employees Mo Shaikh and Avery Ching. The founders were also involved in Mark Zuckerberg’s failed Diem project. Diem Association and its subsidiaries ceased operations in February, with Meta selling the intellectual property and other assets of the project.
Continue Reading on Coin Telegraph
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