Hyperloop One settles lawsuit with former employees
As Hyperloop One continues its attempt at building the future of public transportation, it's moving on without the baggage of a messy lawsuit. The company announced today that it has reached a settlement with former employees, including co-founder and former CTO Brogan BamBrogan. No terms were disclosed, however, the lawsuit contained allegations of financial mismanagement, harassment and threats, which Hyperloop One had responded to with a $250 million suit of its own, claiming the exec had tried to lead a coup within the company. In a memo to current employees, CEO Rob Lloyd looked forward, citing the company's opening of a fabrication facility, acquiring $50 million in financing and new partnerships. Now the company can focus on more standard issues, like delivering on its vision of self-driving vehicles that turn into high-speed train cars.
Nov-18-2016, 23:45:04 GMT
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