Joost, Joltid Sue Volpi

WILMINGTON, Del. -- Joost US Inc., Joost N.V., and Joltid Limited today filed a lawsuit in the Court of Chancery of the State of Delaware against Michaelangelo Volpi ("Volpi") and Index Ventures Management S.A. ("Index").

The lawsuit alleges breach of fiduciary duty against Volpi, aiding and abetting breach of fiduciary duty against Index, interference with prospective business advantage, misappropriation of trade secrets, breach of contract against Index, breach of confidence, and civil conspiracy. The suit seeks an injunction requiring the defendants to return to the plaintiffs all documents and files containing confidential information that the lawsuit alleges was misappropriated from Joost, and enjoining the defendants from making any use of the alleged misappropriated trade secrets, among other things.

A copy of the complaint can be obtained at https://www.lexisnexis.com/fileandserve.

Joost

Joltid Ltd.

Index Ventures