The credibility of two Carvana Co. board members who seek to end investor litigation over the company’s pandemic-related refinancing came under attack Monday in a Delaware courtroom.
The board members—Neha Parikh, the former Waze CEO, and Michael Maroone, the former president and COO of AutoNation Inc.—were selected for a special litigation committee tasked with evaluating claims that Carvana’s founder and CEO benefited financially when the company unnecessarily refinanced during market panic in early 2020.
The committee formed when the Delaware Court of Chancery last year rejected motions to dismiss filed by Carvana founder Ernest Garcia II and his son, CEO ...
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