App Co. Shareholders Sue Ex-WeWork Brass Over Bad Deal

By Emilie Ruscoe (March 23, 2021, 8:46 PM EDT) -- Shareholders in an app company acquired by onetime co-working unicorn WeWork have launched a suit in Delaware federal court claiming they were duped into a bad deal by three of WeWork's executives, including ousted co-founder Adam Neumann.

In the action filed Monday, the chief executive of app design company Prolific Interactive LLC and four Prolific shareholders accuse Neumann, former WeWork Chief Financial Officer Arthur Minson and WeWork Vice President Rohit Dave of talking them into a deal that assumed WeWork shares were worth a lot more than they actually were at the time the deal closed.

The individual plaintiffs, Bobak Emamian,...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!