Posted on
Friday 29 February 2008
Covad Communications and its ex-general counsel have finally laid to rest a sordid, six-year saga of allegations of self-dealing directors, sexual harassment and retaliatory firing. Covad directors have agreed to pay the Silicon Valley telecom company $7 million to settle a derivative suit originally filed by former GC and co-founder Dhruv Khanna after he was fired in 2003, accusing directors of wasting money and enriching themselves at the expense of shareholders.
Sorry, the comment form is closed at this time.