Zooko’s Electric Coin Company is being sued by a former employee

The Electric Coin Company (formerly ZCash Company or Zerocoin Electric Coin Company) is facing a breach of contract suit from one of its employees to the tune of $2 million dollars. Simon Liu alleges the company failed to grant him 15,000 units of common stock, which he said he bought after his employement contract was amended to include an “incentive stock option." However, he claims the company wasn’t authorized to issue company stock to employees and moreover, that his superiors knew that.

In the suit, issued on May 29, Liu also alleges the company created, or at least permitted, a hostile work environment for him. His suit states this was due to internal disclosures that he had stirred bad feelings by spreading unverified information to coworkers within the Electric Coin Company.

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