Delaware Court reverses $1B judgment against Byju Raveendran; damages phase set.

• Delaware court reversed a USD 1 billion judgment against Byju Raveendran based on new submissions.
• A new phase to determine damages related to claims against Raveendran will commence in early January 2026.
• Byju Raveendran's team states he is not liable for damages and will demonstrate plaintiffs misled the court.
• Raveendran plans to submit evidence proving plaintiffs falsely alleged diversion of USD 533 million.
• He also intends to file a USD 2.5 billion lawsuit against relevant parties.

Why It Matters: Byju Raveendran's USD 1 billion judgment was reversed, meaning he owes no damages now.