Cyrus Hodes, one of the cofounders of AI scaleup Stability AI, has filed a lawsuit against the company and Emad Mostaque, its CEO — and his fellow cofounder — claiming that his stake in the company was “fraudulently purchased” for well below market value.
News
July 13, 2023
Stability AI cofounder sues CEO Mostaque and company over 'brazenly deceitful' share sale
The lawsuit claims that Mostaque paid $100 for shares that would now be worth half a billion — an act that "simply shocks the conscience", it says
4 min read
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Tim Smith was news editor at Sifted. He covered deeptech and AI, and produced Startup Europe — The Sifted Podcast . Follow him on X and LinkedIn

Deeptech & AI
Mon
The people, companies and trends shaping European AI and deeptech.
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