Dontzin Nagy & Fleissig Announces Settlement for Disruptive CEO Alex Davis and Kenneth Rickel

LOS ANGELES--(BUSINESS WIRE)--Alex Davis and Ken Rickel jointly announce the settlement of their litigation regarding Davis’ Disruptive business. Rickel said “I am deeply proud of the success my stepson Alex has achieved for himself, his family and his loyal investors. His leadership, hard work and unique insights regarding cutting edge technology has the potential to change all of our lives.”

Davis stated: “I am pleased to have come to a resolution and I am ready to put this conflict with Ken behind us. Under my leadership and vision, Disruptive has evolved and expanded with a proven track record and significant growth for our investors. I am confident about the investments currently in our portfolio, and excited for our future plans supporting innovative companies and executives who are disrupting the world.”

Rickel acknowledges the extremely hurtful nature and media attention of this litigation and regrets it. Rickel added, “I am really proud of Alex, and all that he has accomplished. I deeply regret the hurtful nature of this litigation and am extremely sorry for the way things were handled and most certainly for the things that were said about my stepson. The numerous stories that have been sensationalized by the media are untrue and do not accurately represent the true person and business leader that he is. We are ready to put this behind us and I look forward to working on repairing our family.”

The settlement resolves all issues.

Mr. Davis is represented by Matthew S. Dontzin and David A. Fleissig of Dontzin Nagy & Fleissig.

Dontzin Nagy & Fleissig is an elite team of trial lawyers based in New York with a 25-year history of delivering successful results in high-stakes disputes.