A high-flying cryptocurrency startup that's just eight months old is already enmeshed in a legal dispute with a high-profile investor.
Shari Glazer, a Los Angeles entrepreneur whose family owns the Tampa Bay Buccaneers National Football League team has sued Mo Shaikh, the CEO of Aptos Labs Inc., a billion-dollar company Shaikh helped launch after leaving Meta Platforms Inc.'s aborted digital currency effort last year. Claiming in her suit that the company was born out of a consulting arrangement for which she had hired Shaikh, Glazer is seeking at least $1 billion in damages and the court's declaration that she owns 50% of the company.
"This action arises out of a fraudulent scheme by Mohammad Shaikh to deprive Ms. Glazer of her rightful share of a partnership in a blockchain technology venture," Glazer said in her suit, filed in March.
For his part, Shaikh has denied that there was any agreement between the two of them. The disagreement stemmed from Glazer being unhappy that a...
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