Better opens probe into alleged fiduciary breach by director, ex-CEO Vishal Garg
Bitget2026/09/24 00:34- Better opened a special committee investigation into allegations that director and former CEO Vishal Garg sought to trade company interests for shareholder consents.
- Claims allege Garg offered company property to former employees who are shareholders to back his bid to replace the board.
- Board committee flagged potential fiduciary-duty breaches, saying any promises of company assets for proxy support would be improper.
- Company said the alleged conduct already hurt efforts to maximize value from certain assets and claims.
- Shareholders were urged to revoke any prior support for Garg’s consent solicitation using the company’s white revocation card.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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