In a lawsuit filed on July 12 in Los Angeles Superior Court, Silicon Valley insider Shervin Pishevar was accused of mismanaging his latest startup, Hyperloop One, a company aiming to create a high-speed train.
The lawsuit was filed by Brogan BamBrogan, who co-founded the Los Angeles-based startup with Pishevar in 2014, and three other former executives. He is suing Hyperloop One, Pishevar (the company’s executive chairman), and three others associated with the company. BamBrogan alleges that Hyperloop’s executives breached their fiduciary duty by placing their own interests above those of Hyperloop One. The causes of action include wrongful termination, breach of contract, defamation, intentional infliction of emotional distress, and assault.