Latin American ecommerce startup Rappi Inc. and its founder must face claims that they wrongly shut an early investor out of a billion-dollar financing deal with SoftBank Group Corp. after stealing his ownership stake, a Delaware Chancery Court judge ruled.
Vice Chancellor Morgan Zurn let the case move forward Thursday, saying hotelier and art collector Leon Malca had made plausible allegations against Sebastian Mejia and the company, a Colombia-based online “platform for the delivery of ‘everything’” that saw business boom during the pandemic.
“Malca has pled a fiduciary relationship” and “a breach of the duty of loyalty,” Zurn wrote. “Plaintiff ...
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