LOS ANGELES — Hyperloop One, a startup trying to create the next generation of high-speed travel, which can theoretically transport people and cargo up to 760 mph, is embroiled in a messy lawsuit that pits cofounder against co-founder, CNN Money reports.
The startup, which appeared to be leading the competition with plans to have a working Hyperloop by 2020, was apparently being torn apart by mismanagement and growing tensions between leaders, according to the lawsuit filed in Los Angeles Superior Court on July 12, the report said.
The lawsuit filed by co-founder and former CTO Brogan BamBrogan along with three other former Hyperloop employees.
The lawsuit says Hyperloop One, co-founder Shervin Pishevar, and other leaders mismanaged the company's money, hired family members, and threatened BamBrogan, who was ousted from the company in June, according to CNN Money. For the full story, click here.