$INV founder Mike Otworth faces mounting legal pressure. He's now personally liable for $160M+ across multiple lawsuits alleging securities fraud, breach of fiduciary duty, and unjust enrichment.
Three major cases filed since 2021:
Han v. Otworth (Nov 2021, Delaware federal court) — Section 20(a) securities violations, fiduciary breach, waste of corporate assets
Ayers v. Otworth (Jan 2022, Delaware) — Similar claims plus aiding and abetting charges
Brunson v. Otworth (Delaware Chancery) — Derivative action targeting Otworth and other PureCycle directors
This isn't Otworth's first rodeo with these accusations. Pattern emerging.
Three major cases filed since 2021:
Han v. Otworth (Nov 2021, Delaware federal court) — Section 20(a) securities violations, fiduciary breach, waste of corporate assets
Ayers v. Otworth (Jan 2022, Delaware) — Similar claims plus aiding and abetting charges
Brunson v. Otworth (Delaware Chancery) — Derivative action targeting Otworth and other PureCycle directors
This isn't Otworth's first rodeo with these accusations. Pattern emerging.