Fair Financial Corp.: Fair Financial investors say SoftBank drove the startup into the ground so it can gain full control through bankruptcy (SFTBY)

Summary List Placement Investors in Fair Financial Corp. a troubled car-leasing startup once valued over $1 billion, are exploring legal options to take on SoftBank, which they allege has deliberately run the company into the ground so it can gain full control and eliminate other equity holders. "There has been a calculated effort to drive the business to insolvency so they can take over the business completely," one investor told Insider. "SoftBank is culpable for putting the business in a distressed situation." The investors asked not to be identified discussing sensitive private matters. Fair's current CEO, and a person familiar with the matter, disputed this depiction of Fair's problems. The startup... Read MoreThe post Fair Financial investors say SoftBank drove the startup into the ground so it can gain full control through bankruptcy (SFTBY) first appeared on Usa science news.