It doesn't sound like the person in question was actually a co-founder this just seems a bit too sensational:
My co-founder didn’t have any formal position or rights at the company at the time. Despite several attempts at formally hiring him, he had insisted on not being employed. Rather, he wanted to function as a board member and a contractor.
Co-founders are generally there right from the start (or very close) and don't become contractors -- they hold equity and are deeply committed to the success of the company. Also, I'd not been able to find any references to a 'co-founder' in a search, and given that LingoSocial has a lot of mentions, it seems unlikely that all traces have been scourged.
My co-founder didn’t have any formal position or rights at the company at the time. Despite several attempts at formally hiring him, he had insisted on not being employed. Rather, he wanted to function as a board member and a contractor.
Co-founders are generally there right from the start (or very close) and don't become contractors -- they hold equity and are deeply committed to the success of the company. Also, I'd not been able to find any references to a 'co-founder' in a search, and given that LingoSocial has a lot of mentions, it seems unlikely that all traces have been scourged.