financetom
Technology
financetom
/
Technology
/
Legal tech company Disco gets new CEO after co-founder's messy exit
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Legal tech company Disco gets new CEO after co-founder's messy exit
Apr 10, 2024 12:06 PM

April 10 (Reuters) - Legal technology and artificial

intelligence company CS Disco ( LAW ) has hired a new chief executive

following the exit of its former leader amid sexual misconduct

allegations last year.

The Austin-based electronic discovery software maker said

Wednesday that Eric Friedrichsen will start as president and CEO

on April 29. He takes over from interim CEO and board member

Scott Hill, who has held the role since co-founder Kiwi Camara's

abrupt departure last September.

Friedrichsen was CEO of expense management software company

Emburse until January.

"I am proud of the way the DISCO team responded to a very

difficult year in 2023 by recommitting to our customers and each

other," Hill said in a statement. He called Friedrichsen the

right leader "to successfully write DISCO's next chapter."

Camara stepped down as CEO after the company's board opened

an investigation into allegations that he groped a young female

employee, the Wall Street Journal reported in September, citing

anonymous sources. The Journal in October also reported on

employee concerns with how Disco handled clients and product

issues. The company defended its customer practices.

Camara has not publicly responded to the misconduct claims,

and he could not immediately be reached for comment on

Wednesday.

Paul, Weiss, Rifkind, Wharton & Garrison was hired to review

the company's workplace policies, with Washington, D.C.-based

partner Jeannie Rhee leading the engagement, a firm spokesperson

said.

A Disco spokesperson said the review was "fully completed"

by the law firm, but declined to share details about any

findings.

Disco separately said in a U.S. Securities and Exchange

Commission filing in January that Luke McNeal, its senior vice

president of global sales, was leaving the company immediately

"as a result of actions inconsistent with the company's

standards."

The Disco spokesperson declined to elaborate on the reasons

for McNeal's exit. McNeal did not immediately respond to a

request for comment via LinkedIn.

Disco, Camara and the company's chief financial officer,

Michael Lafair, were hit with a securities class action after

Camara's exit, accusing the defendants of misleading investors

about the company's financial condition.

Cooley partner Aric Wu, who is representing the defendants

in the lawsuit in Texas federal court, did not immediately

respond to a request for comment.

Disco in 2021 became one of a small number of legal

technology companies to go public. The company, which launched

in 2013, grew out of Camara & Sibley, a Texas litigation

boutique that Camara helped found.

The company sells artificial intelligence-powered products

for lawyers, and in December released a generative AI tool.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
AIOZ Network Partners With Alibaba Cloud to Boost AI, Storage and Streaming Services
AIOZ Network Partners With Alibaba Cloud to Boost AI, Storage and Streaming Services
Mar 22, 2024
The two companies will establish a DePIN alliance in south-east Asia.AIOZ's native token is currently trading flat after the announcement, it is up by more than 200% in 30 days.AIOZ Network will use Alibaba Cloud to improve Web 3, AI, storage and streaming services.Decentralized infrastructure network (DePIN) AIOZ Network has become the leading blockchain partner in Alibaba Cloud’s Innovation Accelerator...
Analysis-Apple antitrust suit mirrors strategy that beat Microsoft, but tech industry has changed
Analysis-Apple antitrust suit mirrors strategy that beat Microsoft, but tech industry has changed
Mar 22, 2024
(Reuters) - The U.S. government's antitrust lawsuit against Apple ( AAPL ) draws on the watershed 1998 case that broke Microsoft's ( MSFT ) stranglehold on desktop software, but that may prove to be an imperfect blueprint for addressing smartphone competition. The market for the iPhone today looks very different from the near-monopoly enjoyed by Microsoft's ( MSFT ) Windows...
Japan braces for life with interest rates after historic change
Japan braces for life with interest rates after historic change
Mar 21, 2024
TOKYO (Reuters) - In the coming years, Satoaki Kanoh needs to replace almost a dozen ageing machines at his Tokyo-based maker of acrylic panels, a major undertaking that he worries will become even more expensive. Ideally, I'd like to do one a year. But I don't have that much money, Kanoh said of the customised pieces of machinery that cost...
Japan braces for life with interest rates after historic change
Japan braces for life with interest rates after historic change
Mar 21, 2024
TOKYO, March 22 (Reuters) - In the coming years, Satoaki Kanoh needs to replace almost a dozen ageing machines at his Tokyo-based maker of acrylic panels, a major undertaking that he worries will become even more expensive. Ideally, I'd like to do one a year. But I don't have that much money, Kanoh said of the customised pieces of machinery...
Copyright 2023-2025 - www.financetom.com All Rights Reserved