Hyperloop Sued by Co-Founder Over Claims of Mismanagement
- Company’s financial backers accused of lining their pockets
- Startup’s lawyer says lawsuit is ‘unfortunate and delusional’
Brogan BamBrogan, left, and Shervin Pishevar.
Photographer: JOHN GURZINSKI/AFP/Getty ImagesThis article is for subscribers only.
Hyperloop Technologies Inc., a startup trying to develop Elon Musk’s idea to use levitation for high-speed transportation, was sued by a co-founder over claims that the company’s financiers are killing it through their own greed.
Shervin Pishevar, the Silicon Valley venture capitalist who helped form Hyperloop in 2014, was accused in the lawsuit by fellow co-founder Brogan BamBrogan of mismanaging the company along with other “money men” by marketing their own brands and lining their own pockets.