The proxy adviser says Garg has not made the case for removing five directors, while Better’s interim CEO outlines a narrower strategy built around wholesale, home equity, and repeatable partnerships
Former CEO targets zero monthly cash burn through higher mortgage volume, AI-driven operating changes, and $2 million in monthly savings
Directors say several heavily promoted partnerships generated less than $50,000 each, raising questions about Better’s enterprise strategy and planned wholesale launch
The mortgage lender portrayed its founder as unfit to lead, but Garg says it offered him a lucrative advisory role three days after firing him
Directors point to early operating progress and Better’s planned wholesale launch as evidence that the lender should continue without its founder in management
The shareholder rights plan adds a 15% ownership trigger while the former CEO solicits shareholder consent to remove five of Better’s eight directors
The former CEO acknowledges an “administrative error” left him without enough consents to remove five directors, but his formal campaign for board control is moving forward
The mortgage lender says its former CEO’s board-removal campaign has fallen short, but an SEC filing confirms Garg has investors discussing leadership changes
Founder claims majority shareholder support; company blames him for its delayed 10-Q and raises possible securities-law concerns
Lawsuit by former EVP for sales & operations seeks $195 million in compensatory & punitive damages.