Forever21’s parent company sued Bolt, but now it’s a shareholder

Forever21’s parent company sued Bolt, but now it’s a shareholder

2 years ago
Anonymous $dy9SWuvIkX

https://techcrunch.com/2022/07/06/fintech-startup-bolt-has-settled-suit-brought-on-by-forever21s-parent-company-and-made-it-a-shareholder/

A lawsuit that was filed against one-click checkout startup Bolt by one of its biggest customers will be dismissed as the two parties have agreed on a settlement, the companies announced jointly today.

And interestingly, that same customer — Authentic Brands Group (ABG) — is now a shareholder of the company.