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Better Sues Former CEO Vishal Garg | Real Estate News
Better Mortgage is suing its founder Vishal Garg, accusing him of violating federal securities laws in a bid to regain control after stepping down as CEO. The lawsuit follows a bitter public feud that erupted after Garg began pushing to return, prompting Better to clarify the board unanimously terminated him. Garg counters that leadership change is needed and has been rallying shareholder support to oust directors, sparking a high-stakes battle for control. Complicating matters, Better recently adopted a “poison pill” to block hostile takeovers, which could be triggered if Garg or allies…
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