HyreCar co-founder alleges settlement agreement regarding shares was breached

By Noddy A. Fernandez | Dec 4, 2018

SAN FRANCISCO – An Oakland man alleges a company he co-founded breached a settlement agreement.

Josiah Larkin filed a complaint on Nov. 13 in the San Francisco Superior Court against HyreCar Inc. alleging breach of contract.

According to the complaint, in 2014, Josiah Larkin entered into a founder's agreement with the other founders of HyreCar. The plaintiff alleges in 2016, the other founders attempted to squeeze him out of the company and he demanded arbitration. He alleges before a final award was given, a settlement was reached that outlined the shares he would receive and his right to sell back those shares.

The plaintiff holds HyreCar Inc. responsible because the defendant allegedly breached the agreement by denying plaintiff the ability to sell his shares and restricted the sale of his shares.

The plaintiff requests a trial by jury and seeks judgment for compensatory and general damages, costs, expenses, post- and prejudgment interest, and such other and further relief as the court deems just and reasonable. He is represented by Monty Agarwal and Rachel Chanin of Antolin Agarwal LLP in San Francisco.

San Francisco Superior Court case number CGC18571258

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Antolin Agarwal LLP San Francisco Superior Court

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