The Delaware Court of Chancery on Thursday blocked a bid by a former director of digital-payments firm Mozido to buy a stake in the company now said to be worth millions of dollars, finding he had long ago released any claims against Mozido and its subsidiaries.
Philip Geier Jr., who sat on Mozido’s board from March 2012 to May 2013, claimed he had been promised the ability to purchase one percent of the company’s outstanding membership units for $135,000 in exchange for his approximately 14 months of board service.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
