Byju’s Raveendran to file for $2.5bn damages, will appeal order
Byju’s founder Byju Raveendran is preparing to file a $2.5 billion damages claim in a US court, presenting new evidence to counter allegations of diverting $533 million in ‘alpha funds’. He contests a recent $1 billion default ruling, asserting the funds were accounted for and used for acquisitions. Raveendran seeks to correct the court’s premature damages determination.🕒 1 min read
Byju’s founder Byju Raveendran is preparing to file a $2.5 billion damages claim in a US court, presenting new evidence to counter allegations of diverting $533 million in ‘alpha funds’. He contests a recent $1 billion default ruling, asserting the funds were accounted for and used for acquisitions. Raveendran seeks to correct the court’s premature damages determination.
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