1. WeWork Directors Defend Right to Represent Shareholders Against SoftBank

    WeWork Directors Defend Right to Represent Shareholders Against SoftBank

    The back-and-forth presages what could become a long and messy legal dispute between SoftBank and the WeWork special committee...

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    1. SoftBank's ploy attempts to prevent the more than 850 current and former WeWork employees who tendered stock worth over $450 million from obtaining any remedy for SoftBank's wrongful conduct.
    2. The present complaint reflects an effort by two directors to use WeWork's resources to pursue a lawsuit designed to create a personal benefit for the directors who brought it. That is improper.
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