O'Brien Law Firm sues cybersecurity startup over $2.1 million equity dispute

On May 20, 2021, the O'Brien Law Firm sued an Austin-based cybersecurity startup on behalf of two former employees who claim that the company failed to recognize their equity interests in the company for purposes of a buyout opportunity during a recent significant private equity investment round. O'Brien's clients claim that had their interests been recognized, they would have been entitled to a combined $2.1 million equity buyout as part of the investment event. After filing suit, the parties moved the dispute to arbitration per the terms of the company's arbitration dispute resolution plan.

UPDATE: In the fall of 2022, the parties settled the equity dispute on confidential terms.