Business

Former manager claims Better.com misled investors ahead of SPAC deal

Online mortgage lender Better.com and its chief executive Vishal Garg allegedly misled investors in financial filings and other representations as they attempted to go public, according to a lawsuit filed Tuesday by a former top executive at the company.

Sarah Pierce, Better.com’s former executive vice president of sales and operations and one of its top executives, said Garg and the company allegedly misrepresented Better.com’s business and prospects in order to keep investors on board with planned merger with a special purpose acquisition company or SPAC. The deal was agreed last May and has yet to be finalized.

https://www.marketwatch.com/story/former-exec-claims-better-com-misled-investors-ahead-of-spac-deal-11654644272?rss=1&siteid=rss Former manager claims Better.com misled investors ahead of SPAC deal

Brian Lowry

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