Payments Startup Brings Aboard McGuireWoods Fintech Leader

Jan. 8, 2020, 8:59 PM UTC

A Silicon Valley-based payments company facing claims of racial discrimination and retaliation has recruited a Big Law partner to become its first in-house legal chief.

PayActiv Inc. announced Jan. 8 that David Reidy had joined the company as chief legal officer. Reidy most recently served as head of the fintech practice at McGuireWoods in San Francisco. Reidy said in a statement that he looked forward to joining PayActiv, which operates in 50 states and works with companies like Walmart Inc. in providing employees with early access to paychecks.

“Two-thirds of America’s hourly workforce, translating to more than 90 million hardworking ...

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