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Better Home sues Vishal Garg to void approvals

8/19/2026

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Story summary
  • Better Home & Finance sued founder Vishal Garg on Aug. 18, 2026, alleging a bid to regain control.
  • Board voted on Aug. 3, 2026, to remove Garg because losses hit $1.5 billion and stock fell 90 %.
  • Garg claimed 52 % shareholder support in a Bloomberg interview without filing required SEC proxy statements.
  • Better Home asked the court to void Garg’s approvals and bar him from seeking support for 30 days, calling staff “mortgage monkeys.”