LegalApr 15, 2026, 04:16 PM
Society Pass Wins Fraud Claim Against Former Employee O'Connor
AI Summary
Society Pass Incorporated (SOPA) provided an update on a legal dispute with former employee Thomas O Connor and CVO Advisors Pte. Ltd. The plaintiffs initially sought over $18 million in salary, expenses, and shares. The Court, on February 5, 2026, found O Connor fraudulently induced Society Pass into a subscription and software agreement, validating the company's counterclaims. Previously, SOPA placed 3 million shares of its subsidiary, Thoughtful Media Group, into escrow as security.
Key Highlights
- Court found former employee Thomas O Connor fraudulently induced Society Pass.
- Plaintiffs sought over $18 million in claims against Society Pass.
- Society Pass placed 3 million subsidiary shares into escrow for security.
- Court previously ruled O'Connor entitled to value of 1,148 vested shares.