WeWork Founder Advances Suit Over $3 Billion SoftBank Deal

SoftBank Group Corp. and SoftBank Vision Fund must face part of WeWork founder Adam Neumann’s lawsuit claiming they reneged on a $3 billion investment offer after restructuring their $9 billion bailout package, a Delaware Chancery Court judge ruled Friday.

The investment agreement “can reasonably be interpreted to mean that changing Neumann’s rights” without his consent “is impermissible,” Chancellor Andre G. Bouchard wrote, giving Neumann’s breach of contract claims a green light.

Vision Fund’s arguments to the contrary rely on its interpretation of disputed facts, and dismissing the case on that basis would invert “foundational” legal principles by “asking the court ...