The founder and former CEO of Solera filed a lawsuit in Delaware State Court alleging company manufactured breach of contract to avoid awarding over $100 million in stock options.
Tony Aquila, the founder and former CEO of Solera who left the company earlier this year, filed a lawsuit on September 4, in Delaware state court against Solera Global Holding Corp. and Solera Holdings, Inc. Aquila’s lawsuit alleges that Solera refuses to honor its obligations to pay him for his vested stock options worth more than $100 million. Aquila, through his attorneys, also filed a temporary restraining order and a
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