Check out market updates

WeWork execs face first lawsuit over botched IPO

Shareholder litigation against WeWork’s major players has begun. Co-founder Adam Neumann, SoftBank head Masayoshi Son and board members of the embattled office-space company were sued this week by a minority shareholder who accuses them of self-dealing and unjustly enriching themselves. The complaint, by former WeWork employee Natalie Sojka, targets SoftBank’s $ 9 billion takeover of the company, and says the Tokyo-based conglomerate increased its stake in the company to 80 percent from 29 percent through a

The Real Deal New York

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>