RELATED: Hyperloop trip to link Helsinki to Stockholm in under 30 minutes
Messy lawsuit pits Hyperloop One founders against each other
The startup 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.
July 12, 2016
Hyperloop
1 min to read
Hyperloop
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.
More Rail
Amtrak, CN Reach Agreements to Strengthen Passenger Rail Service, Safety
The agreement resolves a more than decade-long proceeding before the Surface Transportation Board concerning the terms and conditions for Amtrak services, such as the City of New Orleans, Illini/Saluki, and Wolverine.
Read More →
New York MTA Advances Final Contract for Second Avenue Subway Expansion
Contract Four is the largest in the Second Avenue Subway Phase 2 project and includes construction of station infrastructure, tracks, and signals for the subway expansion, MTA officials said. Work on Contract Four will begin in 2027.
Read More →
San Diego MTS Breaks Monthly Trolley Ridership Record
Agency officials said July’s ridership indicates MTS’s continued recovery from the pandemic.
Read More →
Report Examines NJ TRANSIT Reliability, Funding Challenges
The Garden State Initiative analysis examines the roles of Amtrak infrastructure, fleet management, and agency operations while recommending a more performance-based approach to improving reliability.
Read More →
Stadler, CapMetro Sign Long-Term Rail Fleet Support Agreement
Beginning in 2027, Stadler will provide on-site technical expertise, spare parts support, training, and obsolescence management to help extend the reliability and longevity of CapMetro’s GTW fleet.
Read More →
Biz Briefs: Alstom Lands Canadian Contract, LYT to Supply California TSP, and More
In METRO's latest installment, we take a look at recent news from Complete Coach Works, Beep, FlixBus, and more partnerships making headlines across the transportation sector.
Read More →
CATS Gold Line Marks 5 Years of Service, 2.8M Passenger Trips
With a six-mile expansion planned, the Charlotte streetcar is positioned to connect more neighborhoods and major transit hubs across the region.
Read More →
Why Simulating Pedestrian Movement Has Become Essential for Modern Rail Stations
Pedestrian microsimulation is helping rail planners identify bottlenecks, test station designs, and prepare complex transit hubs for growing passenger volumes.
Read More →
Amtrak Begins Major Construction at New York’s Sunnyside Yard
The new maintenance facility will support Amtrak’s Airo trainsets while improving maintenance efficiency and turnaround times in New York.
Read More →
Chicago Leaders Unveil Plans for O’Hare Airport Express Train
The privately developed project would offer a 15-minute trip between downtown and O’Hare’s Terminal 2, with trains operating every 15 minutes on a dedicated track. The service would use battery-electric trains and three existing freight rail rights-of-way.
Read More →