A former executive of NS8 Inc. agreed to pay $5.25 million to the cybersecurity company’s bankruptcy estate to resolve potential claims related his stock sale amid its alleged balance sheet manipulation.
Paul Korol’s settlement advances the process for creditor recoveries in the case of Cyber Litigation Inc., an entity serving as NS8’s bankruptcy estate after NS8’s assets were sold.
Cyber Litigation is currently investigating claims that NS8’s founder and former CEO Adam Rogas defrauded investors with misleading revenues.
Korol “has cooperated fully with the estate and provided helpful information” related to the investigation, Cyber Litigation said in a May 28 ...
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