IBT Media Sues Former CEO Dev Pragad and Newsweek Executives for $200M

News Source : International Business Times
News Summary
- IBT Media Inc., the digital publisher that owned Newsweek, has filed a sweeping lawsuit in New York State Supreme Court.
- The complaint, filed in Westchester County, seeks at least $200 million in damages, along with punitive damages and legal fees.
- It alleges that Dev Pragad, together with former senior executives Alvaro Palacios, Dayan Candappa, Leiann Kaytmaz, Amit Shah, and Nancy Cooper, misled IBT's leadership through a series of fraudulent misrepresentations.
IBT Media Inc., the digital publisher that owned Newsweek, has filed a sweeping lawsuit in New York State Supreme Court accusing its former chief executive officer, Dev Pragad, and a group of top exe [+3781 chars]