Legal
Ganley faces contempt of court order over €16.2m Delaware debt
In the latest twist in his battle with former backer David Shuman, this time over a transfer of share options, the Rivada boss could face fines of $20,000 a day
Declan Ganley, founder of Rivada Networks, is facing a contempt of court order for refusing to hand over shares in the company as part of a dispute over a $16.2 million debt registered in the US state of Delaware.
Ganley has been involved in a bitter dispute with former backer David Shuman, the New York financier behind the company Astraea, with litigation in New York, Delaware and Texas.
Shuman has already secured a $3.2 million ...
