COLE A. RATIAS VS. JOEL CARUSONE ET AL

Matter on the Law & Motion / Discovery calendar for Wednesday, June 18, 2025, Line 7. 1 - DEFENDANTS JOEL CARUSONE, JOSEPH LONSDALE, AND JONATHAN EBINGER's MOTION FOR SUMMARY JUDGMENT.

Plaintiff Cole Ratias is suing the former CEO and various board members of Radius Intelligence, Inc. ("Radius"). Plaintiff claims that Defendants conspired to bankrupt Radius and enrich themselves at the expense of Radius and its shareholders. Plaintiff is a co-founder of Radius and was promised common stock in the company in exchange for his work developing its technology. When the stock was not issued to Mr. Ratias, he filed a lawsuit in 2018 against Radius for breach of contract and declaratory relief.

While that case was pending, Radius filed for bankruptcy. On June 10, 2023, the trustee for the bankruptcy estate of Radius sold the company's claims to Plaintiff pursuant to a court order. Plaintiff alleges causes of action for: (1) breach of fiduciary duty, and (2) corporate waste. Defendants move for summary judgment. (The Court's complete tentative ruling has been emailed to the parties.)

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