AUSTIN, Texas—September 30, 2016—Mozido, a global provider of trusted digital commerce and payment solutions, today learned that the Delaware Chancery Court dismissed all of Philip Geier’s claims against Mozido, Inc. and Mozido LLC.
Geier, the former Chairman and CEO of Interpublic Group of Companies, claimed that he was promised an option to buy 1% of Mozido LLC’s stock in exchange for fourteen months of board service. On September 29, 2016, The Delaware Chancery Court found that Mr. Geier had long ago released any possible claims and it dismissed all of his claims against Mozido.
Kasowitz partner Constantine “Dean” Z. Pamphilis, who argued the motion to dismiss, stated, “The Court agreed with Mozido that Mr. Geier’s claims had no basis, and soundly rejected Mr. Geier’s attempt to obtain an enormous windfall at the expense of Mozido, its employees, and its investors. The dismissed claims were part of a campaign launched by Geier which was intended to intimidate, harass and defame Mozido and its founder, Michael Liberty. We are very pleased with the result.”
“Mozido is pleased that the Court in Delaware dismissed the claims against Mozido,” said Todd Bradley, CEO of Mozido. “Our team remains focused on impacting digital and mobile technology and bringing an entirely new experience and network of mobile commerce services throughout the world.”
The Kasowitz team representing Mozido, LLC includes partners Marc E. Kasowitz, Constantine “Dean” Z. Pamphilis, Albert Shemmy Mishaan, and associate Danielle R. Gill.
Mozido provides trusted digital payment and commerce solutions globally delivered as cost-effective mobile cloud-based solutions branded for clients. Highly interoperable, Mozido solutions work with virtually any wireless carrier and mobile device, and integrate easily with ads, offers, and other products from third parties. Mozido’s worldwide presence and global offerings include operations in the US, China, India, Africa, Sri Lanka, Middle East, Europe and Latin America, enabling people to manage their money, payments and other services from their mobile phones. For more information, visit us at mozido.com. Follow us on Twitter: @Mozido.
SVP of Marketing