Snapchat paid Reggie Brown $157.5M to settle his IP lawsuit

01:48 03.02.2017
Ousted Snapchat co-founder Reggie Brown was paid $157.5 million in a settlement in September 2014 to close off a 2013 lawsuit he had brought against Evan Spiegel and Bobby Murphy alleging IP theft. The details were made public for the first time in Snapchat’s parent Snap Inc. S-1 filing today, unveiled as a first crucial step in the startup’s bid to go public NYSE, which is… Read More...
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