Softbank Gets Sued by WeWork After Backing Out of $3 Billion Investment

SoftBank, (OTC: SFTBY), the Japanese tech company that's seen its Vision Fund rack up losses on investments gone bad, is being sued by Adam Neumann, the former CEO of WeWork. 

According to media reports ,Neumann, also a co-founder of WeWork, filed a civil lawsuit contending that SoftBank did not uphold its part of a deal that gave the Japanese tech company control of the shared-office space start-up back in October. 

IMAGE SOURCE: GETTY IMAGES.

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Source Fool.com