•1 min read•from TechCrunch
Founder of Shark Tank-backed startup Scholly sues his acquirer Sallie Mae
Our take
Chris Gray, the founder of the Shark Tank-backed startup Scholly, has initiated legal action against Sallie Mae, the company that acquired his business. Gray's lawsuit claims wrongful termination and accuses Sallie Mae of improperly selling student data through one of its subsidiaries. In response, Sallie Mae firmly denies these allegations and has pledged to vigorously contest the lawsuit. This case highlights ongoing concerns about data privacy in the education sector and raises questions about the responsibilities of companies handling sensitive student information.
Chris Gray is suing his startup’s acquirer, Sallie Mae, for wrongful termination and alleging it's selling student data through a subsidiary. Sallie Mae denies the allegations and vows to fight.
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