On May 29, 2025, New York State Supreme Court Justice Andrea Masley approved a settlement that CSV negotiated and inked earlier in the month in a derivative case brought by EOS Products co-founder Sanjiv Mehra, against his former business partner Jonathan Teller and EOS employee Sarah Slover. The settlement achieves benefits for The Kind Group LLC and its subsidiary EOS Products worth over $10 million, achieving effectively all the relief Mehra sought in the case. Under the settlement, Teller and Slover must repay the companies over $2.5 million for legal fees and expenses that Justice Masley held they improperly paid with company money to defend a lawsuit in Delaware that Mehra brought against them. The settlement also includes a court-ordered injunction barring Teller, Slover, and the companies from any further use of company funds for the Delaware case, resulting in additional savings to the companies of about $4.5 million. Teller and Slover are also required to cause the companies to reclassify interest payments—which Teller caused the companies to pay on loans he and his related entities made to the companies—as distributions to Teller, which will strengthen the companies’ financials and amount to a constructive repayment of the interest. Teller is also required to repay $25,000 in company funds he used to pay for allegedly personal public relations services.
The settlement follows a favorable ruling for Mehra in October 2024, in which Justice Masley ruled that Teller and Slover breached the companies’ governing agreements by improperly advancing themselves legal fees and expenses in the Delaware case.
Patrick Smith, Brian Burns, and Michael Sala negotiated the settlement for Mehra.
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