Entellium Layoffs: Unlawful or Just Callous?
A former designer who last month lost his job at Seattle-based Entellium has filed suit, saying he was told that if he didn’t sign a document waiving away his rights to wages, he would lose his eligibility to COBRA health insurance benefits. The designer, Leif Jensen, says he was given just 30 minutes to make a decision. As readers may recall, the software startup’s former CEO and CFO -- Paul Johnston and Parrish Jones -- were arrested in October and charged with having cooked the books in an effort to attract, and keep attracting, venture capital funding. Based partly on the perceived strength of its numbers, Entellium received financing totaling almost $50 million, nearly $19 million of which came from Ignition Partners. Entellium's other investors include Sigma Partners and Intel Capital. Jensen says that just before Johnston and Parrish were charged with fraud, he and others were let go
