1. Better's Ex-COO Says She Was Pushed Out for Complaining About CEO Garg

    Better's Ex-COO Says She Was Pushed Out for Complaining About CEO Garg

    In a lawsuit, Better's ex-COO said she was pushed out for blowing the whistle on CEO Vishal Garg. She said Garg and a lawyer shut her out after she complained Garg kept financials "a black box." The lawsuit comes as Better is expected to close its SPAC deal in the next month. When Better CEO Vishal Garg claimed that many employees who suffered its now-infamous December layoffs were let go for under-working , chief operating officer Sarah Pierce went into damage-control mode...

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    1. CEO Garg and General Counsel Calamari's scheme to put Pierce on a leave of absence, with no communication plan to her 8,500 employees, was an attempt to intimidate, silence, and discredit her.
    2. We don't comment on ongoing litigation.
    3. The SEC has a long history of encouraging companies to cooperate in its enforcement issues.
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