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Court partially denies Aptos Labs’ motion to dismiss Glazer’s $1 billion lawsuit

Court partially denies Aptos Labs' motion to dismiss Glazer's $1 billion lawsuit thumbnail

Four legal claims were dismissed by the court, while three others were allowed to proceed.

A judge has partially denied a motion by Aptos Labs CEO Mohammed “Mo” Shaikh to dismiss a lawsuit filed by entrepreneur Shari Glazer, who claims to have been cheated out of equity as an early investor. According to a court transcript published on Oct. 10, fraud and three other legal claims were dismissed by the court, while three others were allowed to proceed, specifically breach of contract, unjust enrichment, and Glazer’s alleged entitlement to 50% of Matonee, parent company of Aptos Labs.

Aptos was founded by former Meta employees Mo Shaikh and Avery Ching. The founders were also involved in Mark Zuckerber

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