UPDATE 6/27/2013 1:27 p.m. PT: Maker Studios PR have provided several email texts to NMR that seem to disprove the sources’ allegations. One of the emails, showing that Kreiz cancelled his June 25 Milken engagement on June 21 is shown below.
NMR will update if there are any more developments on either side.
UPDATE 6/27/2013 8:50 a.m. PT: Maker Studios has issued a statement through their PR to NMR that contradicts our insiders’ direct allegation that Kreiz, in their words, “fled the country”:
“Ynon had to be in Israel to handle matters regarding his pending move to the US in August and had to unfortunately cancel his speaking engagement at the Milken Institute. He informed Milken on the morning of Friday, June 21 – the week before it was scheduled to take place.”
NMR will update as soon as we learn more about the story.
Sources close to the situation have told NMR that “within hours” of co-founder Danny Zappin’s complaint being filed and the summons being issued on June 25 that current Maker CEO Ynon Kreiz canceled his speaking engagement at the Milken Institute where he was representing Maker and left the country. In the letter written by Kreiz provided to NMR earlier in the day, Kreiz writes, “As mentioned at the all hands company meeting I will be out of the country for a few weeks …”
According to the sources, Kreiz flew to Israel, his birth country, and is not set to return until August 4. At the Milken Institute speaking engagement, both Greycroft Partner and Maker investor Dana Settle and Kreiz were set to be served legal papers. Because Kreiz suddenly cancelled, however, only Dana Settle was served at the engagement.
Below is the original invitation sent out by the Milken Institute for the “Silicon Rally: L.A.’s Thriving Tech Scene” panel discussion that included Kreiz, and below that is the updated version from their website that has Kreiz replaced with another speaker.