Month: November 2007

Categories
settlement agreement

Skype

TechCrunch: What Was Skype’s Shortfall? When Skype founder Niklas Zennstrom stepped down earlier this month with only one-third of his payout from eBay, it was clear that Skype fell short of its goals in regards to growing its number of active users, revenues, and gross profits.

I’ve updated the eBay Inc. contracts to include the Earn Out Settlement Agreement. Unfortunately, eBay omitted Schedule 1.1. from theEarn Out Agreement between eBay Inc. and Skype Technologies S.A., which included the “certain metrics.”

Categories
litigation

SEC Charges Insiders from Ramp Corporation and Xybernaut Corporation

SEC: Commission Charges Short Sellers and Corporate Insiders in Massive Scheme to Conceal the Short Sellers’ Control Over Ramp Corporation and Xybernaut Corporation. On October 19, 2007, the Commission filed a civil action in the U.S. District Court for the Eastern District of New York against: two short sellers, Zev Saltsman and Menachem Eitan; two former officers and directors of Xybernaut Corporation, Edward G. Newman and Steven A. Newman; a former director of Xybernaut and outside counsel to Xybernaut and Ramp Corporation, Martin E. Weisberg; and Ramp’s former CEO, Andrew Brown. The Commission’s complaint charges the defendants with engaging in a scheme to conceal Saltsman and Eitan’s control over Ramp and Xybernaut.

I have added Xybernaut Corporation contracts and Ramp Corporation contracts to the website. You can find employment contracts for a few of the insiders charged.