Technology,
Labor/Employment,
Civil Litigation
Mar. 18, 2022
Celonis sued for $20M over ‘nonexistent’ employee stock plan
“After being lured away from a lucrative sales role, Shawn O’Connell’s complaint depicts an all too familiar story of a highly qualified employee who is retaliated against, terminated, and denied the stock he rightfully earned,” said Tamarah P. Prevost of Cotchett, Pitre & McCarthy LLP.
A former sales manager has sued tech company Celonis Inc. for allegedly luring him from his lucrative job at Salesforce with a fabricated employee stock plan and subsequently defrauding him of $20 million worth of stock he believed his offer letter gave him.
Plaintiff Shawn O'Connell also accuses Celonis of firing him as retaliation in response to his whistle-blowing of the alleged fraud as well as other securities law violations.
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