Founder of Shark Tank-backed startup Scholly sues his acquirer Sallie Mae

Chris Gray, founder of Scholly, is suing Sallie Mae for wrongful termination and alleging student data is being sold through a subsidiary. Sallie Mae denies the allegations. This case may impact data protection and startup acquisitions. Engineers should be aware of potential data breaches and their company's data handling policies. Sallie Mae's actions may be scrutinized in the future.