Online mortgage lender Better.com and its Chief Executive Vishal Garg allegedly misled investors in monetary filings and different representations it made because it makes an attempt to go public, based on a lawsuit filed Tuesday by a former prime government on the firm.
Sarah Pierce, Better.com’s former government vice chairman for gross sales and operations and one of its prime executives, stated Garg and the corporate allegedly misrepresented Better.com’s enterprise and prospects to maintain investors onboard with a planned merger with a special-purpose acquisition firm, or SPAC. The deal was agreed to final May and has but to shut.
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