The former general counsel of a merchant cash advance company is suing the chief financial officer of its parent company claiming documents had been altered to allow for bonuses in 2017 and 2018.
Steven Berkovitch filed suit Dec. 6 on behalf of Five Hole LLC against Oded Segev in Delaware Chancery Court over allegations of breach of fiduciary duties, unjust enrichment and conversion. Berkovitch is seeking a court order requiring an independent audit of Five Hole’s 2017 and 2018 finances, disgorgement of all bonuses improperly paid in 2017 and/or 2018, removal of Segev as CFO, and awards to be determined by the court.
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