We Co., the parent of WeWork, asked a judge to dismiss a lawsuit brought by two of its board members against SoftBank Group Corp. for reneging on a $3 billion offer to buy the co-working company’s closely held shares.
We Co.’s independent board members Alex Dimitrief and Frederick Arnold said the company’s special committee -- comprising Lew Frankfort and Benchmark’s Bruce Dunlevie -- “does not and should not have the authority” to pursue the litigation in the name of We Co., according to a Delaware Chancery Court filing. We Co. declined to comment outside of the filing. ...
