Carta announces layoffs, fires CTO

https://www.teamblind.com/post/Carta-announcing-layoffs-and-CTO-fired-BEKpGeL3

by impish9208 • 4 years ago

43 11 4 years ago

impish9208• 4 years ago

Lawsuit against CTO (from https://www.law.com/radar/card/eshares-inc-v-talton-iii-4732...):

    eShares Inc. d/b/a Carta Inc. filed a breach-of-contract and trade secrets lawsuit against former CTO Jerry O. Talton III on Friday in New York Southern District Court. The suit, brought by Dechert, accuses the defendant of leaking private, privileged and confidential info to outside parties in order to induce and assist legal claims against the company. Counsel have not yet appeared for the defendant. The case is 1:22-cv-10987, eShares Inc. v. Talton.

avmich• 4 years ago

leaking private, privileged and confidential info to outside parties in order to induce and assist legal claims against the company

In other words, he told about something potentially illegal, but secret, and now is sued.

Sounds somewhat similar to whistleblowing. Why this could be illegal?

mjcl• 4 years ago

The complaint sounds a lot worse than that!

Unbeknownst to Carta, Talton repeatedly abused his position of trust and confidence as CTO to secretly record multiple Carta executives, Board members and others in an attempt to harm Carta, including by feeding such information to former employees who were threatening to assert claims against Carta (and/or who were already litigating against Carta), and to circumvent and undermine the very information technology infrastructure and security systems he was charged with safeguarding in order to conceal his own illicit conduct.

From page 2, here: https://storage.courtlistener.com/recap/gov.uscourts.nysd.59...

erulabs• 4 years ago

Aside from the allegations: good. Carta is one of those apps that is so unusable and broken and somehow valuable it leaves me bewildered and depressed.

Not aside from the allegations: whoa, gross.

Techie007• 4 years ago

He became the bad guy after sending a letter to the board? Isn't it a tad fishy?

adude2016• 4 years ago

regardless of what happened, I think given the publicity, I don't think any company will ever hire him again. Hopefully he got enough shares from Carta to retire.

Carta announces layoffs, fires CTO

Related Stories