Legal

Declan Ganley in Texas court showdown over $9 million debt deal

Telecoms founder sues both his former business partner and former attorney to regain control of Rivada shares

Declan Ganley: The Rivada founder is embroiled in a complex legal row to retrieve a chunk of shares that were collateral in the debt deal

Declan Ganley, the founder of telecoms company Rivada, is embroiled in a complex legal row to retrieve a chunk of shares that were collateral in a $9 million (€8.29m) debt deal.

Ganley is suing a former business partner, David Shuman, and his former attorney, Sean Tracey, in a Texas court in order to regain control of the shares.

A recent decision by the Texas Appeals Court sets out how Ganley had initially used 235,00 shares ...