Allan F Beechinor who co-founded Altada with his wife Niamh Parker : A subsidiary of Rocktop Partners initiated proceedings against Mr Beechinor and Oysterhaven Ventures in the High Court on Tuesday.A subsidiary of Rocktop Partners – a Texas-based firm that led a $11.5 million funding round in 2021, putting Altada on course to achieve a $1 billion valuation, giving it “unicorn”. status – initiated proceedings against Mr Beechinor and Oysterhaven Ventures in the High Court on Tuesday.
Rocktop, which has been approached for comment, is also seeking damages for “breach of contract and/or fraud”, the documents reveal, as well as its costs in the legal action. Posts published on social media site X, formerly Twitter, show correspondence written by lawyers from Horwich Farrelly complaining about allegedly defamatory statements made by Mr Beechinor about Mr Leo on a newly created podcast platform called Moth News.