Hyperloop One sues Founder
Hyperloop One is now suing its co-founder; Brogan BamBrogan, and three former members of the company’s management team.
The suit against BamBrogran; former Vice President of Business Development Knut Sauer, former Assistant General Counsel David Prendergast, and ex-Vice President of Finance William Mullholland, is apparently retaliation for a wrongful employment action – the four filed earlier this month. The suit was filed in Los Angeles County Superior Court on July 19, 2016, The New York Times Deal Book reported.
The men claim they were wrongfully terminated and harassed by Hyperloop co-founder and Chairman Shervin Pishevar; CEO Rob Lloyd, and General Counsel Afshin Pishevar. after they complained about the company’s operations.
That suit is pretty sensational because BamBrogan claims that Afshin Pishevar; Shervin’s brother, left a hangman’s noose on his desk. Hyperloop One’s attorneys claim the rope was merely a lasso. They also charge that Shervin Pishevar mismanaged the company by putting his brother, an investor’s brother and his former fiancée on the payroll, instead of qualified individuals.
“Today’s lawsuit demonstrates that these four men staged a failed coup to try to take over Hyperloop One and then conspired to start their own competing company,” Orin Snyder; a lawyer for Hyperloop One, said in press release. Snyder charged that BamBrogan and company tried to start their own Hyperloop company by hiring many of Pishevar’s employees.
The suit threatens Hyperloop One’s future because BamBrogan was the company’s Chief Technology Officer. He designed much of its technology and helped found it with Pishevar’s help. Pishevar is a former cab driver turned venture capitalist; BamBrogan is an engineer, who used to work for Elon Musk’s SpaceX.
Hyperloop Pod Contest Delayed
In a seemingly related move SpaceX moved its Hyperloop Pod competition back to January 27-29, Fortune reported. Hyeprloop One had been taking part in the contest as a sponsor. At the contest teams from various universities will test their pod designs. Another problem is that most of the teams involved are having a hard time getting funding for the project.
The lawsuits might be a real problem for Hyperloop One because it now seems to have the official backing of the Russian government and President Vladimir Putin. They make the company look real bad right after it tested its pod undercarriage in Nevada.
The real threats to Hyperloop’s future might be personality conflicts and internal politics. One has to wonder if the high speed transportation solution can overcome such legal bickering.https://geekcrunch.reviews/hyperloop-one-sues-founder/https://i0.wp.com/geekcrunch.reviews/wp-content/uploads/2016/07/13HYPERLOOP-1-master768.jpg?fit=768%2C520&ssl=1https://i0.wp.com/geekcrunch.reviews/wp-content/uploads/2016/07/13HYPERLOOP-1-master768.jpg?resize=150%2C150&ssl=1InnovationAfshin Pishevar,BamBrogan,Brogan BamBrogan,Hyperloop,Hyperloop Lawsuit,Hyperloop One,Hyperloop pod,Hyperloop Pod competition,Hyperloop Pod Contest Delayed,lawsuits,Shervin Pishevar,SpaceXHyperloop One is now suing its co-founder; Brogan BamBrogan, and three former members of the company’s management team. The suit against BamBrogran; former Vice President of Business Development Knut Sauer, former Assistant General Counsel David Prendergast, and ex-Vice President of Finance William Mullholland, is apparently retaliation for a wrongful employment...Daniel JenningsDaniel Jennings[email protected]AuthorGeek Crunch Reviews