$INV founder Mike Otworth faces mounting legal pressure, with personal liability reportedly hitting $160M across multiple lawsuits.
Three separate cases filed in Delaware courts between 2021-2022 allege breach of fiduciary duty, unjust enrichment, and securities violations:
• Han v. Otworth (Nov 2021) — Section 20(a) securities violations, breach of fiduciary duty, waste of corporate assets
• Ayers v. Otworth (Jan 2022) — Similar claims plus aiding and abetting
• Brunson v. Otworth — Derivative action targeting Otworth and other PureCycle directors/officers
All cases center on allegations of self-enrichment at investor expense. Legal exposure continues to climb.
Three separate cases filed in Delaware courts between 2021-2022 allege breach of fiduciary duty, unjust enrichment, and securities violations:
• Han v. Otworth (Nov 2021) — Section 20(a) securities violations, breach of fiduciary duty, waste of corporate assets
• Ayers v. Otworth (Jan 2022) — Similar claims plus aiding and abetting
• Brunson v. Otworth — Derivative action targeting Otworth and other PureCycle directors/officers
All cases center on allegations of self-enrichment at investor expense. Legal exposure continues to climb.