Former Parler CEO John Matze sues the company for “theft” of his 40% stake

John Matze, the co-founder and former CEO of free speech platform Parler, is suing the company for wrongful termination and the alleged theft of his 40% ownership of the company. Matze was ousted shortly after Parler’s trouble following the Jan 6 riot at the US Capitol.

In the lawsuit filed at the Clark County District Court, in Nevada, Matze is seeking “millions in compensatory damages.”

The suit alleges that Parler’s main funder, Rebekah Mercer, the daughter of conservative billionaire Robert Mercer, and other board members, engaged in a scheme to steal his ownership in the company he founded.

“While Mercer readily acknowledged and broadly boasted… that Parler was an enterprise worth hundreds of millions of dollars, if not a billion dollars, she and others orchestrated a theft of Matze’s 40 percent ownership, claiming that it could be taken from him for a mere $3.00,” the suit claims.

“This outlandish and arrogant theft, which occurred in Nevada, is the product of a conspiratorial agreement and actions taken both inside and outside of Nevada, that include intimidating threats and defamatory accusations of misconduct all designed to bully and deprive Matze of his valuable personal property and legal rights,” the suit adds.

“This scheme is epitomized by oppression, fraud and malice, for which Matze is entitled to punitive damages trebling (at a minimum) the millions that he is owed in compensatory damages.”

Parler was launched in 2018 describing itself as “a non-biased, free speech social media focused on protecting users’ rights.” Amid the increased censorship of conservative voices on mainstream social media sites last year, the site became more popular. Before it was forced offline in January, the site reported that it had more than 12 million users.

This topic was posted 3/25/2021, thanks Tolerance Sucks Rocks. The rest of the Parler keyword, sorted:

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