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Better Home & Finance sues Vishal Garg, seeks injunction

8/19/2026

Summary

Story summary

Better Home & Finance sued founder Vishal Garg, alleging a “scorched-earth campaign” after his Aug. 3 removal.
The board cited over $1.5 billion losses since 2022 and a 90 percent stock drop.
Garg sent an Aug. 10 letter demanding resignations, claiming 52 percent shareholder support without SEC proxy filings.
Better Home & Finance asked a court to void Garg’s support and bar solicitations for 30 days, citing staff insults and weak internal controls.

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Story summary

Better Home & Finance sued founder Vishal Garg, alleging a “scorched-earth campaign” after his Aug. 3 removal.
The board cited over $1.5 billion losses since 2022 and a 90 percent stock drop.
Garg sent an Aug. 10 letter demanding resignations, claiming 52 percent shareholder support without SEC proxy filings.
Better Home & Finance asked a court to void Garg’s support and bar solicitations for 30 days, citing staff insults and weak internal controls.