SUCCEED FASTER  |  www.WeGetAroundNetwork.com
WGAN-TV: Now Playing
Next on WGAN-TV Live at 5
One Order  |  One Quote  |  One Contact
Book Multiple GLOBAL Commercial Locations
  • ✔  As-Builts
  • ✔  Construction Progress
  • ✔  Facillities Management
Last 24 Hours: 878 Unique Visitors
8,230 WGAN Members in 145 Countries
Last 30 Days: 49,071 Page Views | 18,915 Unique Visitors | 59 New Members
We Get Around Network Forum
LawLawsuitsLegalMatterport Going Public

LAW360: Ex-Matterport CEO, Bill Brown, Sues Over Stock Trading Restrictions15238

WGAN
Forum
Founder
Atlanta, Georgia
DanSmigrod private msg quote post Address this user

Matterport Former CEO William "Bill" Brown | Image courtesy of Matterport


LAW360 (13 July 2021) Ex-Matterport CEO, Bill Brown, Sues Over Stock Trading Restrictions

LAW360: Ex-Matterport CEO, Bill Brown, Sues Over Stock Trading Restrictions

Law360 (July 13, 2021, 7:27 PM EDT) -- The former CEO of Matterport Inc. launched a lawsuit against the 3D model maker in Delaware Chancery Court on Tuesday [13 July 2021] claiming that it is trying to unilaterally apply a number of "onerous" restrictions on his shares of the company that don't track with the treatment other shareholders are getting.

Bill Brown said Matterport, whose shares will soon be traded publicly, has retroactively imposed the restrictions on his 1.3 million shares, including, among other things, prohibitions against freely trading his stock for the 180-day period following the company's reorganization.

Further, Brown said, the company is trying to stop him from making trades that have nothing to do with his own Matterport shares, by prohibiting him from trading derivative instruments like call and put options on Matterport shares.

Read more at: LAW360
--
William J. Brown v. Matterport Inc. in the Court of Chancery of the State of Delaware.
Post 1 IP   flag post
WGAN
Forum
Founder
Atlanta, Georgia
DanSmigrod private msg quote post Address this user
Bloomberg Law (14 July 2021) Matterport, Headed for De-SPAC, Sued by Ex-CEO Over Stock Lockup
Post 2 IP   flag post
WGAN Standard
Member
San Antonio, Texas
denlee private msg quote post Address this user
If Mr. Brown's assertion that Matterport has retroactively imposed restrictions on his 1.3 million shares, he will likely prevail in court.
Post 3 IP   flag post
Houston
briangreul private msg quote post Address this user
The rats are often the first to flee a sinking ship.....
Post 4 IP   flag post
WGAN
Forum
Founder
Atlanta, Georgia
DanSmigrod private msg quote post Address this user
Lexology (20 April 2022) Brown v. Matterport: Court of Chancery addresses share transfer restrictions after de-SPAC merger
Post 5 IP   flag post
WGAN
Forum
Founder
Atlanta, Georgia
DanSmigrod private msg quote post Address this user
JDSUPRA (27 April 2022) Brown v. Matterport: Court of Chancery addresses share transfer restrictions after de-SPAC merger
Post 6 IP   flag post
WGAN
Forum
Founder
Atlanta, Georgia
DanSmigrod private msg quote post Address this user
Bloomberg Law (27 July 2022) Matterport Ex-CEO Wins Appeal Over SPAC Stock Lockup Provision
Post 7 IP   flag post
92660 7 7
Log in or sign up to compose a reply.