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The founder and chief executive of the advertising technology company OpenWeb, Nadav Shoval, lost his bid to be reinstated as CEO after he was ousted from the company in September, according to public filings.
Shoval petitioned an Israeli court on Sept. 5 to file a temporary injunction over a dramatic series of events that led to his departure from the company, which he helped found a decade ago.
According to Shoval, the board of directors’ vote that terminated his role had been conducted improperly and violated company bylaws.
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