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Russia’s VKontakte former exec claims 20 million ruble golden parachute

June 05, 2014, 12:21 UTC+3 MOSCOW
A source familiar with the situation said that Ilya Perekopsky’s contract read he must receive the parachute in case of early termination of his duties
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© ITAR-TASS/Stanislav Krasilnikov

MOSCOW, Jun 5. /ITAR-TASS/. Ilya Perekopsky, former vice president of Russia’s answer to Facebook, social network VKontakte, has filed a lawsuit against the company requesting the payment of a 20 million ruble golden parachute, according to documents of a St. Petersburg court, released late Wednesday.

A source familiar with the situation said that Perekopsky’s contract read he must receive the parachute in case of early termination of his duties.

The source said a similar lawsuit was filed by the businessman’s brother, Igor Perekopsky, who was the company’s financial director.

Ilya Perekopsky left VKontakte in January for the position of a consultant at United Capital Partners investment fund, which owns 48% in the social network. Igor Perekopsky left VKontakte along with his brother.

Ilya Perekopsky declined to comment. The court accepted his suit on April 24 and scheduled the first hearing on May 28, but later delayed it until June 9.

The founder of the social network, Pavel Durov, also filed a suit against to a US court against his former partners, accusing them of fraud and extortion of a stake in Internet messenger Telegram.

Durov quit his position of VKontakte’s CEO in late April and left Russia, saying he has no plans to come back.

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