Seven former Prime Data Centers employees have filed companion lawsuits against the company and its senior executives, alleging a fraudulent scheme to cut them out of equity.
Representatives of Prime did not immediately respond to requests for comment. The allegations have not been independently verified, and have yet to face scrutiny in a court of law.
– Prime Data Centers
The lawsuits were filed in Texas, California, and New York, against Prime, subsidiary Data Realty Holdings Corp., and CEO Nicholas Laag and CFO Ulrich Pelz. In total, the group are seeking compensation in excess of $400 million.
Among the plaintiffs are vice president of human resources Natalie Funcheon, former chief commercial officer Chris Sumter, and former head of utilities and incentives Jeremiah Collins. The lawsuits claim that the plaintiffs were core members of the team that grew Prime some 4,000 percent into a global data center platform currently valued at more than $6 billion.
