Joe Costanzo, the former chief technology officer for SignalShare, has been cleared of any legal entanglements in that company’s ongoing lawsuit issues according to a new filing in the case.
Last year, NFS Leasing sued SignalShare for $7.8 million over alleged fradulent leases, a case now tied up in SignalShare’s subsequent bankruptcy proceedings. Costanzo, who primarily ran the technical operations of the stadium Wi-Fi leasing operator, was personally named by NFS in the lawsuit along with other SignalShare executives; Costanzo, however, claimed he was misled by his own company and had filed counter-claims against NFS.
A new document from the United States District Court in the District of Massachusetts said that NFS Leasing has dismissed all of its claims against Costanzo “without costs to either party.” Costanzo, who had filed a counter-claim against NFS, also dismissed his action.
Costanzo also apparently reached an agreement with the former SignalShare, according to a legal document filed by a company called M2 nGage, which was formed out of the remnants of SignalShare. According to the document, “Any disputes between Costanzo, the SPHC Parties and SignalShare were settled pursuant to a settlement agreement executed between the parties. Pursuant to the terms of the Settlement Agreement, the parties mutually released each other from any claims and SPHC agreed to pay Joseph Costanzo $92,000 over a period of a year associated with amounts due.”
NFS Leasing did not respond to an email inquiry for more information.
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