Nearly three years after Adam Neumann stepped down as CEO of WeWork following a failed attempt to take the company public, he is said to once again be in charge of a billion-dollar real estate startup.
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The ousted CEO sued SoftBank on Monday, accusing it of breaching a contract by withdrawing an offer to buy up to $3 billion in WeWork stock from Neumann and other shareholders, according to the New York Times.
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According the Wall Street Journal which spoke with “people familiar with the matter,” shared office-space firm WeWork co-founder Adam Neumann sold some of his stake through a mix of stock sales and debt.
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