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Ondo Founder’s Mother Seeks Control of Company and Removal…
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FinanceFeeds
Kathleen Allman alleges that De Bode wrongfully assumed the CEO role after her son’s death without approval from Ondo’s board.
The dispute largely turns on what happened to Ondo’s board after Nathan Allman died in late May.
“At the time of Nate’s death, the Ondo Board had two directorships.
Ondo had publicly announced after Nathan Allman’s death that De Bode, then president, would become CEO.
Related: Ondo ONDO Price Prediction: $2.14 Bull Case vs $0.24 Bear Case“Kathy Allman’s decision to file a lawsuit is regretful,” De Bode said.