Cybereason CEO sues Steven Mnuchin and SoftBank over funding disputes

Cybereason CEO Eric Gan has filed a lawsuit against former Treasury Secretary Steven Mnuchin and the SoftBank Vision Fund. He claims they rejected multiple funding proposals, risking the company's financial stability and potential bankruptcy. Gan alleges that their actions were aimed at preserving their control and financial advantages. He states that Cybereason needs $150 million to avoid Chapter 11 bankruptcy, with a debt payment due on March 11. Both Mnuchin and SoftBank have denied the claims, stating the lawsuit lacks merit. The lawsuit highlights internal conflicts within the board and claims that proposed financing would limit management's involvement.