Wednesday, 26 June 2013
It was only a few months ago that Maker Studios co-founder Danny Zappin stepped down from the CEO role, replaced by Endemol exec Ynon Kreiz. Well it turns out that he didn’t “step down,” so much as he was “pushed out.” And now he’s taking the company to court over his ouster.
Zappin just filed a lawsuit against Maker’s partners and investors, claiming concealment of secrets, breach of fiduciary duty, and constructive fraud. According to the lawsuit, Maker’s board diluted the company’s common stock in favor of preferred stock in order to remove him as the company’s CEO.
(Developing…)
