Ozy Media Hit with First Investor Lawsuit
The first investor lawsuit in response to the crisis at Oxy Media has been filed. On Monday LifeLine Legacy Holdings of Beverly Hills, Calif., which put more than $2 million into the Oxy’s Series C fundraise, filed suit in Federal Court. The suit alleges multiple fraud violations associated with Ozy’s dealings with Lifeline during their Series C raise where Lifeline invested $2 million. With daily revelations of wrongdoing on Ozy and Carlos Watson, what shoe will drop tomorrow?