Citing breach of employment contract, former Society Pass CTO Rahul Narain is seeking compensation of over US$1.3 million in damages from the Vietnam-based tech firm in a US court, reported e27.
In a lawsuit filed in November 2019 before the New York State Supreme Court, Narain alleged that US-incorporated Society Pass didn’t completely pay him for his stint as an advisor and consultant before coming in as CTO.
Under his 2019 employment contract, Narain was entitled to a monthly salary of US$20,000 and an annual payment of US$36,000 for healthcare expenses as well as a series C bonus of US$350,000 and 4% common stock.
Society Pass “breached the terms of the agreement almost immediately by failing to place Narain on the company payroll, despite several requests from him and Society Pass’ then-COO Thomas O’Connor,” according to Narain’s complaint.
The company and its founder and CEO Dennis Nguyen have been hit by several lawsuits filed by ex-employees and even co-founder O’Connor.
Tech in Asia has requested comment from Society Pass about this matter. We will update this story as soon as the company responds.
See also: Bleak Q3 results sink Society Pass’ shares further
Editing by Collin Furtado and Eileen C. Ang
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