Better Home & Finance sues ex-CEO Vishal Garg over alleged securities law violations
BETR•Requested remedies
The requested remedy includes voiding consents obtained through the alleged unlawful solicitation, pending compliant disclosures.
Lawsuit targets former CEO Vishal Garg
Better Home & Finance Holding Company filed suit in U.S. District Court for the Southern District of New York against former CEO Vishal Garg.
Allegations over disclosures and solicitation efforts
The complaint seeks injunctive relief to force corrections to allegedly false disclosures, halt solicitation efforts, and protect the shareholder voting process.
It alleges Exchange Act Section 13(d) violations tied to an undisclosed shareholder group seeking board changes and incomplete Schedule 13D disclosures.
It also alleges Section 14(a) violations tied to misleading claims of shareholder support and consent solicitation without the required definitive filing.
