Datavault AI founder files lawsuit contesting CEO removal
DVLT Datavault AI Inc
$0.07 +14.53%
View chart & analysis → - 1Datavault AI Inc. founder Nathaniel Bradley has filed a lawsuit contesting his removal as CEO, alleging the board failed to follow corporate procedures.
- 2Nathaniel Bradley claimed that Chairman and CFO Brett Moyer unilaterally suspended him on October 30 without board vote approval.
- 3According to the lawsuit, Brett Moyer failed to disclose information regarding Datavault AI's proposed funding deal valued between $90 million and $100 million to independent directors.
So what's the key point?
The founder of Datavault AI has filed a lawsuit after being suddenly removed from his position by the chairman. He claims that important information was hidden during the company's process of borrowing money.
Source InvestorsHub +1 · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.