Late Ondo Finance founder's mother, Kathleen Allman, files lawsuit to gain control of company and remove Ian De Bode as CEO
Kathleen Allman, mother of the late Ondo Finance founder Nathan Allman, has filed a verified complaint in the Delaware Court of Chancery, alleging that Ian De Bode improperly assumed the CEO role after her son's death in May without board approval. Allman, as the personal representative of Nathan's estate, claims a controlling voting interest in the company and the authority to reconstitute its board. De Bode stated that Allman's claims are meritless and that the company maintains support from key stakeholders and investors. Ondo Finance specializes in bringing traditional financial products onchain, with its ONDO governance token reflecting a market value of nearly $2 billion.
Source:The Block · Source Link
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