Matterport Inc.‘s former chief executive was awarded $79 million in damages Tuesday by a Delaware court after prevailing in a stock dispute with his former company.
Vice Chancellor Lori W. Will, of the Delaware Chancery Court, said in a post-trial decision that the 3D technology company’s wrongful application of stock restrictions on ex-CEO William Brown caused Brown to miss out on some $79 million.
The damages amount “provides Brown recompense for any lost profits he would have obtained had he been free to trade upon receiving his Matterport share,” Will said.
The decision stems from Brown’s earlier win ...
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