CoinDesk·3 min read·medium

Power struggle erupts at Ondo Finance after founder’s death

W
Will Canny
Power struggle erupts at Ondo Finance after founder’s death
AI Summary

A legal battle has emerged at Ondo Finance following the death of its founder, Nathan Allman. The estate is challenging the current CEO's authority, claiming he seized control of the company without proper board approval.

Three Delaware Chancery Court filings asked a judge to determine who lawfully controls Ondo Finance and to bar extraordinary corporate actions until the governance dispute is resolved.

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