November 18, 2016

Hyperloop One has settled the lawsuit with former co-founder Brogan BamBrogan

NORTH LAS VEGAS, NV - MAY 11: (L-R) Hyperloop One Co-Founder & Executive Chairman Shervin Pishevar, Hyperloop One Chief Executive Officer Rob Lloyd and Co-Founder & Chief Technology Officer Brogan BamBrogan speak during the first test of the propulsion system at the Hyperloop One Test and Safety site on May 11, 2016 in North Las Vegas, Nevada. The company plans to create a fully operational hyperloop system by 2020. (Photo by David Becker/Getty Images,) Hyperloop One tells TechCrunch it has just settled an ongoing lawsuit brought against the company by its former co-founder Brogan BamBrogan and several former employees. BamBrogan, David Pendergrast, William Mulholland and Knut Sauer filed the lawsuit against the company this summer, claiming the technology they built was being "strangled" by the venture capitalists who had… Read More

Source: TechCrunch