Ozy Media Co-Founder Samir Rao Hit With Securities Suit Amid Company Shutdown - NewsBreak

Ozy Media and co-founder Samir Rao were hit with a securities lawsuit Monday in California Northern District Court amid scrutiny of the media organization's claims of millions of viewers and readers. The suit, brought by Blank Rome on behalf of Lifeline Legacy Holdings, contends that Lifeline agreed to invest approximately $2 million in Ozy Media based on false representations. The case is 5:21-cv-07751, Lifeline Legacy Holdings, LLC v. Ozy Media, Inc. et al.