Datavault AI Founder Nathaniel Bradley Files Lawsuit Against Board Over Alleged Ouster
Nathaniel Bradley, founder and former CEO of Datavault AI Inc. (NASDAQ: DVLT), has filed a lawsuit in the Delaware Court of Chancery seeking to void his removal from office. The complaint alleges that Board Chairman and CFO Brett Moyer orchestrated an unauthorized 'suspension' of Bradley without a formal board vote, effectively locking him out of company systems. The lawsuit further claims that Moyer suppressed a $90–$100 million financing offer from independent directors to prevent the funding from being realized. Bradley argues that these actions violate company bylaws and jeopardize shareholder interests, despite his tenure seeing significant revenue growth and the establishment of an extensive patent portfolio.
Topics: board dispute CEO ouster corporate governance financing lawsuit