Ex-Hyperloop One execs ask if the company's doing better than ever, why is it suing them? [Los Angeles Times (CA)]
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Source: Los Angeles Times
Ex-Hyperloop One execs ask if the company's doing better than ever, why is it suing them? Four former high-ranking employees at transportation start-up Hyperloop One asked a judge Friday to throw out a cross-complaint lodged against them after they questioned the firm’s corporate governance . The legal battle, which began in July, briefly tripped up the Los Angeles company’s ambitious effort to develop a near-supersonic transit system. The firm says it’s back on track and even stronger, with venture capital investors remaining on board and the suing employees gone. But in that assertion, attorneys for the the four plaintiffs see a contradiction: If what the company has described as the “Gang of Four” caused no damage, why is the company pursuing a countersuit against them? “This is the paradox of the company's predicament: It must reassure investors by claiming the company is thriving and stable, while claiming grave damage was inflicted on the company by the employees,” attorne
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