SEARCH

O'Connor v. Society Pass Inc.

Plaintiff's Contract Rights Known by Defendant, Motion to Renew Denied

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The following e-filed documents, listed by NYSCEF document number (Motion 010) 299, 300, 301, 302, 303, 304, 305, 306, 307, 308, 309, 310, 311, 312, 315, 316, 317, 318, 325 were read on this motion to AMEND and RENEW. DECISION + ORDER ON MOTION Defendant Society Pass, Inc.’s (“Society Pass” or “Defendant”) motion pursuant to CPLR §3025(b) for leave to amend its answer to include a fraudulent inducement defense, and pursuant to CPLR §2221(e) for leave to renew Plaintiff Thomas O’Connor’s (“Plaintiff” or “O’Connor”) motion for partial summary judgment (Mot. Seq. 005), is denied. BACKGROUND On May 17, 2023, the Court granted in part O’Connor’s motion for partial summary judgment on his first cause of action for breach of contract (NYSCEF 199 [Order]; NYSCEF 233 [Transcript]). Specifically, the Court determined that O’Connor validly exercised his right to purchase 1,148 shares of Society Pass under the terms of a Common Stock Purchase Warrant (“Warrant”). Mr. O’Connor was subsequently deposed on July 6, 2023 (NYSCEF 303 [Transcript]). Society Pass now argues that, because Mr. O’Connor testified at deposition that he believed a Call Agreement (NYSCEF 312) he entered into with Defendant’s Chief Executive Office, Dennis Nguyen (“Nguyen”), was not enforceable, that he fraudulently induced Defendant to enter several related contracts, including the Warrant. The Call Agreement provides a right for Mr. Nguyen to purchase O’Connor’s shares in Plaintiff CVO Advisers PTE Ltd. (“CVO”). According to Mr. Nguyen, CVO was the entity designated to receive Series A Shares of Society Pass, as opposed to O’Connor individually, in order to provide protection to both Society Pass and Mr. Nguyen (NYSCEF 307 [Nguyen Aff.

More From ALM

Premium Subscription

With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas.
View Now

Our Team Account subscription service is for legal teams of four or more attorneys. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team.
View Now

Bundle Subscriptions

Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Both options are priced the same.
View Now

From Data to Decisions

Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends.

Exclusive Depth and Reach.

Law.com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALM’s deep bench of proprietary information to provide insights that can’t be found anywhere else.

Big Pictures and Fine Details

Law.com Compass delivers you the full scope of information, from the rankings of the Am Law 200 and NLJ 500 to intricate details and comparisons of firms’ financials, staffing, clients, news and events.

New York Legal Awards 2025

September 04, 2025
New York, NY

The New York Law Journal honors attorneys and judges who have made a remarkable difference in the legal profession in New York.

Learn More

Complex Claims & Litigation Forum 2025

February 24, 2025 - February 26, 2025
Las Vegas, NV

This conference aims to help insurers and litigators better manage complex claims and litigation.

Learn More

Legalweek Leaders in Tech Law Awards 2025

March 24, 2025
New York, NY

Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives.

Learn More

President and Dean

Search for the President and Dean California Western School of Law San Diego, California California Western School of Law (California ...

Apply Now ›

Capital Markets Junior Associate (Flex Location/Hybrid Schedule)

Duane Morris LLP has an opening for an associate with 2-3 years of experience with strong capital markets and corporate transactional backgr...

Apply Now ›

(EXCLUSIVE) SENIOR BAD FAITH TRIAL COUNSEL WANTED FOR LEADING PROVIDER OF PROFESSIONAL LIABILITY INSURANCE (Atlanta, GA or Florida)

Our client, an established provider of professional liability insurance, has engaged us to identify a highly-qualified Senior Bad Faith Tria...

Apply Now ›