Late Ondo Founder’s Mother Sues for Company Control, Seeks Removal of CEO Ian De Bode

The mother of late Ondo Finance founder Nathan Allman has sued in Delaware seeking control of the company and the removal of CEO Ian De Bode. She alleges De Bode assumed the CEO role without board approval after Allman’s death and argues that, as representative of his estate, she controls the company’s voting power and has authority to reconstitute the board. De Bode denies the claims and says the current leadership retains the support of key stakeholders, lead investors and the Ondo Foundation.

Late Ondo Founder’s Mother Sues for Company Control, Seeks Removal of CEO Ian De Bode

The mother of late Ondo Finance founder Nathan Allman has sued in Delaware seeking control of the company and the removal of CEO Ian De Bode. She alleges De Bode assumed the CEO role without board approval after Allman’s death and argues that, as representative of his estate, she controls the company’s voting power and has authority to reconstitute the board. De Bode denies the claims and says the current leadership retains the support of key stakeholders, lead investors and the Ondo Foundation.

Source:https://twitter.com/wublockchain/status/2085458833762378129