Ozy Media strikes severance deal with ex-employees

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Ozy Media, which recently imploded amid investigations into alleged fraud, has reached a severance settlement with most of its former full-time employees, Axios has learned.

Behind the scenes: Silicon Valley investor Ron Conway, who surrendered his Ozy shares, quietly hired law firm Wilson Sonsini to represent the ex-employees, with a final deal signed just before Thanksgiving. It included final paychecks, requested reimbursements, accrued but unused PTO and other owed wages (e.g., commissions).

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