In a significant legal development, a New York jury has ruled against Vishal Garg, the CEO and founder of Better.com, a prominent digital mortgage lender, in a lawsuit brought against him by his former business partner, Raza Khan. The jury found Garg liable for breach of fiduciary duty and conversion, emphasizing the severity of the allegations brought forth by Khan. This ruling sheds light on a decade-long legal battle between the two individuals, highlighting the complexities and implications of business partnerships within the mortgage industry.
Key points:
– Vishal Garg, CEO and founder of Better.com, was found liable for breach of fiduciary duty and conversion by a New York jury
– The lawsuit was filed by Garg’s former business partner, Raza Khan
– The ruling underscores the importance of ethical standards and transparency within business relationships, particularly in the digital mortgage lending sector, where reputations are crucial.
You can read this full article at: https://www.housingwire.com/articles/vishal-garg-ruled-to-pay-5-5m-in-a-decade-long-lawsuit/(subscription required)
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