Connect with us

Hi, what are you looking for?

The American GeniusThe American Genius

Business News

Move sues former VP, Curt Beardsley, alleging illegal stock dump

(Business News) After nearly a decade at Move, Curt Beardsley made a questionable exit alongside former boss, Errol Samuelson. Move has responded with a serious lawsuit, seeking substantial damages.

court justice

court justice

(REALUOSO.COM) – The other shoe has dropped as Move, Inc. has just filed a lawsuit against Curt Beardsley, former VP of Product Marketing at Move, who defected to become the VP of Industry Development at Zillow. Beardsley followed Errol Samuelson’s (Move’s former president of realtor.com and Chief Strategy Officer at Move) exit from Move to Zillow, both of which were highly controversial.

According to the suit, filed with the Superior Court of California in Los Angeles County, Beardsley is being sued not only for breach of contract, but for violation of corporations code.

Move and the National Association of Realtors sued Samuelson, and it appears that Move alone has filed a similar lawsuit against Beardsley, as we projected months ago would happen.

The allegations assert that in his nine years at Move, Beardsley never exercised his option to sell his stock options or grants, until he learned “non-public, inside information that legally prohibited him from selling that stock.” He sold most of his Move stock (33,775 shares for roughly a $224,000 gain) when he learned the secret…

Advertisement. Scroll to continue reading.

Click here to read the full story…

Lani is the COO and News Director at The American Genius, has co-authored a book, co-founded BASHH, Austin Digital Jobs, Remote Digital Jobs, and is a seasoned business writer and editorialist with a penchant for the irreverent.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

The
American Genius
news neatly in your inbox

Subscribe to our mailing list for news sent straight to your email inbox.

Advertisement

KEEP READING!

Business Entrepreneur

(ENTREPRENEUR) When can you pack everything up without disrupting operations, going offline, and sinking your sales? The answer may surprise you.

Social Media

(MEDIA) We’ve warned of this for years, the industry funded it, and Zillow Homes brokerage has launched, and there are serious questions at hand.

Real Estate Corporate

(REAL ESTATE) Zillow has long been a data powerhouse, but a lawsuit about a $150M listing offers a look into listings claims.

Business News

(BUSINESS NEWS) Real estate giant Zillow is being sued by a California photographer who intimates that the company has scraped the images without anyone's...

The American Genius is a strong news voice in the entrepreneur and tech world, offering meaningful, concise insight into emerging technologies, the digital economy, best practices, and a shifting business culture. We refuse to publish fluff, and our readers rely on us for inspiring action. Copyright © 2005-2022, The American Genius, LLC.