PANews reported on October 23rd that, according to Cryptopolitan, Max Glass, a former executive at cryptocurrency consulting firm RWA Company, filed a lawsuit in Delaware Chancery Court, accusing the company of wrongfully terminating his contract in order to seize control of a lucrative stablecoin project, which eventually evolved into the blockchain payments infrastructure platform M0. Glass claims that RWA Company's controlling members, Gregory DiPrisco and Joseph Quintilian, orchestrated a "breach of trust" to forcibly force him out of the company and take over the stablecoin business. He accuses the two of "forcing him to relinquish his rights" before launching M0, fraudulently obtaining intellectual property from the company and transferring the original collaborative project with German fintech company CrossLend to M0. He emphasizes that "M0 was built on the results of the collaboration between RWA Company and CrossLend," yet he was excluded from ownership and profit sharing. Glass seeks damages and recognition of his legal rights in the original stablecoin project. His lawyers claim that the defendants concealed the true relationship between RWA, CrossLend, and M0 for years.PANews reported on October 23rd that, according to Cryptopolitan, Max Glass, a former executive at cryptocurrency consulting firm RWA Company, filed a lawsuit in Delaware Chancery Court, accusing the company of wrongfully terminating his contract in order to seize control of a lucrative stablecoin project, which eventually evolved into the blockchain payments infrastructure platform M0. Glass claims that RWA Company's controlling members, Gregory DiPrisco and Joseph Quintilian, orchestrated a "breach of trust" to forcibly force him out of the company and take over the stablecoin business. He accuses the two of "forcing him to relinquish his rights" before launching M0, fraudulently obtaining intellectual property from the company and transferring the original collaborative project with German fintech company CrossLend to M0. He emphasizes that "M0 was built on the results of the collaboration between RWA Company and CrossLend," yet he was excluded from ownership and profit sharing. Glass seeks damages and recognition of his legal rights in the original stablecoin project. His lawyers claim that the defendants concealed the true relationship between RWA, CrossLend, and M0 for years.
Former executives of RWA Company accused partners of breach of trust to seize control of the company's stablecoin project to create M0
PANews reported on October 23rd that, according to Cryptopolitan, Max Glass, a former executive at cryptocurrency consulting firm RWA Company, filed a lawsuit in Delaware Chancery Court, accusing the company of wrongfully terminating his contract in order to seize control of a lucrative stablecoin project, which eventually evolved into the blockchain payments infrastructure platform M0. Glass claims that RWA Company's controlling members, Gregory DiPrisco and Joseph Quintilian, orchestrated a "breach of trust" to forcibly force him out of the company and take over the stablecoin business. He accuses the two of "forcing him to relinquish his rights" before launching M0, fraudulently obtaining intellectual property from the company and transferring the original collaborative project with German fintech company CrossLend to M0. He emphasizes that "M0 was built on the results of the collaboration between RWA Company and CrossLend," yet he was excluded from ownership and profit sharing. Glass seeks damages and recognition of his legal rights in the original stablecoin project. His lawyers claim that the defendants concealed the true relationship between RWA, CrossLend, and M0 for years.
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