Late Zappos CEO Tony Hsieh’s Estate Sued for $12.5M Based on Post-it Note

A piece has filed a $12.5 meg creditor’s claim with the demesne of belatedly Zappos CEO Tony Hsieh. The cyberspace enterpriser was worth a reported $840 million when he died in November 2020.

The arrogate is based mostly on a Post-it note.

Mark Evensvold’s exact – filed shoemaker's last week in Hsieh’s probate case inward Mark Wayne Clark County District Margaret Court – said that he had a undertake to do work on several projects for Hsieh. These included a bar, a magic-themed entertainment venue, and an ice-skating rink inwards the ski townspeople of Mungo Park City, Utah. The latter is where Hsieh resettled after stepping mastered from his Zappos task in Aug 2020. The claim includes a re-create of the sticky note of hand containing what Evensvold claims was his work contract.

Dated Aug. 19, 2020, Evensvold claims it promised him $450,000 a twelvemonth and a signing incentive that included 20% of Hsieh’s 25% interest group in Nacho Daddy. That’s the Mexican eating house chemical chain where Evensvold worked before accepting Hsieh’s work offer. Evensvold also included a “transcript of the conversation” betwixt the deuce men outlining the terms of their deal. group A “court recorder” was nowadays to document the conversation, according to the claim.

“But for Tony’s offer up of the signing bonus, Evensvold would non have entered into the agreement, would not get resigned from Nacho Daddy, and would not hold resettled from Las Vegas to Mungo Park City,” Evensvold’s claim said.

Hsieh transformed Zappos into the world-class billion-dollar internet shoe colossus next his takeover of the accompany in 1999. After moving its alkali of trading operations from San Francisco to Henderson, Nev., and later to Las Vegas, he also transformed a subdivision of downtown Las Vegas from a grave surface area to a hipster haven.

He was also known for his eccentricities, including living with an alpaca inward an Airstream inwards a downtown house trailer park, and conducting his byplay unconventionally – including via sticky notes. Hsieh had walls covered with Post-its, according to 2021 clause inward the Las Vegas Review-Journal.

Evensfold’s filing is voice of the legal probate physical process necessary for claims made against people who pop off without leaving a will. In December 2020, a adjudicate named his male parent and brother as special administrators of his estate.

Hsieh died inward a put up blast in November 2020 inward Connecticut. He was 46. Court documents filed by Hsieh’s sept shoemaker's last yr indicated Hsieh used ketamine hydrochloride and nitrous oxide in the years before his death. According to friends, Hsieh used “as many as 50 cartridges of nitrous oxide a day, often inward public, or during ‘meetings’ with people,” documents said.

Lawyers for Hsieh’s demesne get repeatedly written inward courtroom documents that Hsieh did non hold the mental content to signalize away on contracts inwards the months and years leading upward to his death.