Brocker.Org: Ex-personnel sues Snapchat, alleges it misled traders: Hollywood Reporter – Reuters


In the lawsuit submitted on Wednesday in a California court by Anthony Pompliano, who earlier worked with Facebook Inc, also alleged he was fired for currently being a whistleblower, the magazine reported. little

Snap Inc, Snapchat’s father or mother enterprise, rejected the allegations.

“We have reviewed the complaint. It has no merit. It is entirely built up by a disgruntled previous personnel,” a Snap spokeswoman instructed Reuters in an emailed assertion.

The ex-personnel, who led Snapchat’s development staff for the duration of his 3 months with the enterprise, reported he figured out of misrepresentations and urged executives to rectify the complications. Pompliano claimed he was pressurized to breach Facebook’s confidential and proprietary information and facts, the magazine reported.

“Snapchat fraudulently induced Pompliano away from Facebook to run Snapchat’s new consumer development and engagement staff by falsely representing to him, among the other points, the company’s development,” the Hollywood Reporter quoted his counsel as saying in the court document, a partly obscured duplicate of which was posted on the magazine’s web page.

Snapchat submitted for an IPO in November and is one stage nearer to the most important U.S. stock marketplace debut given that 2014.

The case was submitted in the Excellent Court docket of the Condition of California for the County of Los Angeles.

(Reporting by Rama Venkat Raman and Subrat Patnaik in Bengaluru Enhancing by Gopakumar Warrier)