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Matterport Stockholders Say Officials Wrongly Cashed $225M – Law360 Real Estate Authority

Posted by Admin on February 7, 2024
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Shareholders of 3D model maker Matterport Inc. accused top company officials in Delaware Chancery Court of self-dealing by paying themselves performance rewards following a 2021 merger, even though the company hadn’t met benchmarks to allow them to cash out $225 million in shares.

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