Snapchat was sued Wednesday in Los Angeles by an ex-employee who said he was fired because he resisted attempts to falsely represent its value in advance of plans to take the company through a multibillion-dollar initial public offering.
Anthony Pompliano claims his refusal to “participate in Snapchat’s institutional pandemic” of misleading investors and trading partners led to the loss of his job three weeks after he was hired away from Facebook. His role was to run Snapchat’s new-user growth and engagement team.
Pompliano seeks an prohibition directing Snapchat to refrain from making distortions about his firing pending the outcome of arbitration proceedings in which he seeks damages.
The suit alleges Pompliano was “fraudulently induced” to leave Facebook, described in the complaint as “a spurned suitor turned fierce competitor” of Snapchat, My News LA reports.
The suit also alleges Snapchat executives hired Pompliano to obtain confidential data from Facebook. Also, according to his claims, although he warned them that he had signed confidentiality agreements with his former employer, Pompliano was pressured to reveal this kind of information.