In the Media

Carta just got hit with a new lawsuit from its former CTO (Business Insider)

Extract:

A new front opened today in Carta’s ongoing legal battle with a former executive over damaging recordings of CEO Henry Ward and others.

Jerry Talton, the company’s former chief technical officer, filed a lawsuit today today in the Southern District of New York alleging he was retaliated against by Ward for raising concerns about misconduct and was subsequently publicly defamed.

In the lawsuit, Talton says Ward “combines the ego and volatility of an Elon Musk, the effortless dissembling of a George Santos, and the vindictiveness of Don Corleone.”

Talton details a number of allegations, including that Ward encouraged employees to misuse customer data for personal gain in violation of company policy, misled employees about their equity compensation, and directed Carta to contract with companies that he had personally invested in. Talton also alleges that Ward made acquisitions that favored his friends without due diligence, and maintained two sets of books for its operations in Brazil.