socialmedian: Lawsuit alleges Offerpal co-founder was cheated out of ownership

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Lawsuit alleges Offerpal co-founder was cheated out of ownership

Source: VentureBeat

Nov 05, 2009

Summary

Offerpal Media founder Anu Shukla was hit with a lawsuit this summer over alleged shenanigans over the company’s founding, VentureBeat has learned.

In August, Kevin Halpern filed a breach of contract lawsuit against Shukla. He alleges that he helped start the company in 2006 with Shukla but was cut out of promised stock ownership after a third founder, Michael Liu, joined the startup, according to the suit filed in Superior Court in Alameda County.

Offerpal declined comment. The lawsuit does not name Offerpal itself. Shukla has not yet responded to a request for comment, and Halpern’s attorney did not respond to a request for comment.

Shukla has been in the limelight this week because of a public battle with Techcrunch editor Michael Arrington over the ethics of offers, which are special ad deals that users of social games can accept in lieu of paying for items in a game. She also stepped down as CEO yesterday as the company hired George Garrick to replace her. In an interview, she said she will remain at the company.

This lawsuit is another headache that will ke

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