News: MondoBrain Announces Settlement

By The Marketing & Communications Team

Company severs all ties to Augustin Huret

NEW YORK--The shareholders of MondoBrain have brought to a successful close a derivative lawsuit against its former CEO. As a result of a mutual settlement agreement, Augustin Huret is no longer affiliated with the company and has no ownership stake. With these changes, the board of directors has been reconstituted to now include the company’s major shareholders and is led by Jean Paul Inchauspé (Chairman). Additionally, the shareholders have injected new capital into MondoBrain to support company growth as a key provider of transparent augmented AI solutions.