BYJU’S Cofounders’ Defamation Suit Meritless: Glas Trust

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SUMMARY

The consortium of the troubled edtech startup’s lenders also termed the move an “attempt to distract” from facts

Glas Trust alleged that judgments exceeding $533 Mn have been entered against Raveendran’s allies, “including for their fraudulent conduct”

This comes a day after cofounders said that they were planning to take legal action to seek damages worth $2.5 Bn from “parties” which have caused damage to them “personally and their businesses”

A day after cofounders of BYJU’S threatened to file a…



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BYJU’S Cofounders’ Defamation Suit Meritless: Glas Trust


SUMMARY

The consortium of the troubled edtech startup’s lenders also termed the move an “attempt to distract” from facts

Glas Trust alleged that judgments exceeding $533 Mn have been entered against Raveendran’s allies, “including for their fraudulent conduct”

This comes a day after cofounders said that they were planning to take legal action to seek damages worth $2.5 Bn from “parties” which have caused damage to them “personally and their businesses”

A day after cofounders of BYJU’S threatened to file a…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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