A former Array exec's effort to claim a $100 million stake in the fintech unicorn has failed

In a high-stakes lawsuit, former Array CSO Jason Owen claimed he was owed a $70M equity stake, but the case was dismissed due to lack of written agreement. Array, a fintech company valued at $1.5B, denied Owen's claims, and the court ruled that equity promises must be formalized in writing. The verdict serves as a reminder for startups and potential employees to document all agreements, especially those involving ownership or money.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.