Online mortgage lender Better.com and Chief Executive Officer Vishal Garg are accused of misleading investors in financial records and other statements the company made when trying to go public, according to reports. lawsuit filed by a former top executive of the company on Tuesday.
Sarah Pierce, Better.com’s former executive vice president of business and operations and one of its top executives, said Garg and the company allegedly misrepresented their business. Better.com’s business and prospects to retain investors. with a merger plan with a special purpose acquisition company, or SPAC. The deal was agreed to last May and is not yet closed.
