Ozy dropped its lawsuit against Semafor founder Ben Smith after CEO Carlos Watson was found guilty of fraud

Ozy dropped its lawsuit against Semafor founder Ben Smith after CEO Carlos Watson was found guilty of fraud

Dia Dipasupil/Getty Images; Kimberly White/Getty Images

After its former CEO was convicted of a multimillion-dollar fraud scheme this month, the defunct media company Ozy is no longer pursuing its sprawling lawsuit alleging its trade secrets were stolen.

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