Ed Zimmerman, Chair and co-founder of The Tech Group, and Adjunct Professor of Venture Capital at Columbia Business School, is quoted in The Real Deal, discussing the lawsuit regarding the co-founding of Compass, a real estate tech startup that has raised more than $1.5 billion from investors, including Softbank. The lawsuit pertains to whether plaintiff Avi Dorfman (who, according to the court, was a co-founder of Compass), is entitled to shares of stock in Compass (reportedly recently “valued at $6.4 billion”) or solely cash damages. The case, which has been compared to the “Facebook/ Winkelvoss lawsuit,” is presently pending in New York. Zimmerman’s view: “The brokerage likely wants to avoid a fiduciary relationship with Dorfman. With shares, Dorfman would be empowered to request financial information, and it’s possible his vote would also be needed to approve a company sale. If the court awards him cash, their relationship is contractual and short-lived. They rip the Band-Aid off.”