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AccountingThe former general counsel of a merchant cash advance company, who alleged that the company’s CFO was fixing finances to give bonuses to executives, dismissed his suit against the company and CFO on Monday and said his allegations were inaccurate.

In December 2019, Steven Berkovitch filed suit against Oded Segev, the CFO of Delaware-based Five Hole LLC, claiming breach of fiduciary duties, unjust enrichment and conversion. He filed the complaint in the Delaware Court of Chancery.

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Dan Clark

Dan covers cyber security, legal operations and intellectual property for Corporate Counsel. Follow him on Twitter @Danclarkalm.

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