A WeWork shareholder has taken the company to court docket over the shut to-$1.7bn (£1.3bn) leaving equipment current for ousted co-founder Adam Neumann.
Her lawsuit says the cash granted to Mr Neumann is “previous comprehension” and is “execrable”.
It accuses Mr Neumann and WeWork investor Softbank of abusing their retain a watch on of the company to signal off on the deal on the expense of smaller shareholders.
WeWork called the claims “meritless”.
The suit marks the most modern controversy over Mr Neumann’s relationship with the company. He stepped down as chief executive in September, after the company’s efforts to lift cash through a stock market flotation collapsed, in allotment because of the questions over his leadership.
After shedding its flotation plans, WeWork authorised a financing equipment from SoftBank, which incorporated the exit deal for Mr Neumann, who agreed to give up most of his shares and slide away the board.
WeWork is now trimming its enterprise, with hundreds of job cuts expected. The value of its shares maintain plunged from prior investments to the most modern financing.
It has told investors it plans to promote off firms that have to no longer allotment of its administrative heart rental operation, such as Wavegarden, which makes indoor browsing pools.
The lawsuit modified into once filed in San Francisco Superior Court docket by Natalie Sojka, who worked for the company for one and a half of years and received shares as allotment of her pay.
She has proposed it as a category action suit on behalf of herself and other minority stockholders.