27 Jul '15, 11am

Xapo CEO Wences Casares Takes Legal Action Against LifeLock #bitcoin

Wences Casares, the CEO of bitcoin company Xapo, has begun legal proceedings against online identity firm LifeLock in response to a suit filed by the company which alleged contract violations against him and several Xapo employees. The cross-complaint filed by Casares at California's Superior Court on 24th July states: "LifeLock's highly dysfunctional management proved itself to be adept at corporate infighting and bureaucracy, and ultimately unwilling to support the innovative Lemon team that it had acquired, or to permit that team to be led by Casares without interference." It continues: "LifeLock's dysfunctional management – and its willful and and intentional post-acquisition breaches of its agreements with Casares and his team – squandered the success of its acquired company, and then sought to blame everyone but themselves for their mistakes." LifeLock acquired digit...

Full article: http://www.coindesk.com/xapo-ceo-wences-casares-takes-leg...

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Wences Casares, CEO del proveedor de carteras y servicio de bóveda Bitcoin Xapo , inició procedimientos legales contra Lif...