From The Real Deal · TRD Staff · · 1m
Vishal Garg Returns to Power at Better Home & Finance
Vishal Garg regains control of Better Home & Finance after legal battle with board.
In brief
Vishal Garg regains control of Better Home & Finance after legal battle with board. Vishal Garg has secured majority shareholder support to regain control of Better Home & Finance following a legal dispute with the board. Originally reported by The Real Deal.
Vishal Garg regains control
Vishal Garg secured majority shareholder support to regain control of Better Home & Finance after a legal battle with the board.
Board withdraws challenge
Better Home & Finance’s special committee withdrew a challenge to Garg’s shareholder consent solicitation, effectively ending opposition to his attempt to regain control.
Shareholder vote confirms removal
Shareholders representing 52 percent of voting power supported the dismissal of interim CEO Daniel Lewis and a slew of directors.
Legal battle continues
Better Home & Finance sued Garg in federal court for alleged securities law violations after his ouster, claiming he used a 'poison pill' plan to regain control.
The bottom line
Vishal Garg has secured majority shareholder support to regain control of Better Home & Finance following a legal dispute with the board.
