Investor Says Majority Stakeholder Drained Phone Refurb Biz

Law360 (June 25, 2020, 5:07 PM EDT) -- The partial owner of a once-thriving phone refurbishment startup told a New York federal court that his business is being run into the ground by a majority investor that he says bought a stake in the startup just to inflate its own related business.

Things started spiraling at Harvestar Solutions after the company decided to sell a majority stake to one of its biggest customers, refurbished phone seller Brightstar Asia Ltd., Harvester co-founder Tyler Miller told the court Wednesday.

After two years under Brightstar's leadership, Harvester has been "rendered worthless," according to the lawsuit.

The suit asks for just more than...

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