索赔近43亿元！寒武纪遭前CTO起诉

Core Points - The lawsuit involves a significant labor dispute between Cambrian and its former CTO, Liang Jun, who is claiming over 4.286 billion RMB in compensation for stock incentive losses [1][2] - The core of the dispute centers around the fulfillment of stock incentive agreements and the handling of equity after Liang's departure from the company [4] Summary by Sections Legal Proceedings - The case has been accepted by the Haidian District People's Court in Beijing and has not yet entered the trial phase [1] - Liang Jun's claims include the acknowledgment of an employment relationship with Cambrian from October 18, 2017, to February 10, 2022, and compensation for stock incentive losses amounting to approximately 42.866 billion RMB [1][2] Stock Incentive Dispute - Liang claims to indirectly hold 11,523,184 shares of Cambrian, with a valuation based on the stock's highest price of 372 RMB per share as of January 2, 2024 [1] - Cambrian argues that Liang did not directly hold shares before his departure and that his exit triggered buyback conditions as per the stockholding plan [2][3] Company Position - Cambrian emphasizes that Liang's compensation claims contradict the agreements in the stockholding plan, which stipulates that leaving during the restriction period triggers buyback [3] - The company has previously faced two lawsuits from Liang regarding related stockholding rights, both resulting in Liang's defeat [3] Financial Context - The core dispute arises against the backdrop of Cambrian's significant stock price increase post-IPO, with shares reaching 1375 RMB as of October 31 [4] - In the first half of 2025, Cambrian reported revenues of 2.881 billion RMB, a year-on-year increase of 4347.82%, and a net profit of 1.038 billion RMB, indicating that Liang's claim is approximately 1.5 times the company's revenue for that period [4] Implications - The court's future rulings on the validity of the stockholding plan, the applicability of buyback clauses upon departure, and the calculation of stock incentive losses will be critical for the case and may influence the design and execution of equity incentive systems in tech companies [4]