Mortgage startup Better fired back at an executive who sued the company for allegedly violating securities and labor laws, calling her suit 'baseless' in a new court filing
Attorneys for Better, Garg, and general counsel Nicholas Calamari told a New York federal court Thursday evening that the allegations by former chief operating officer Sarah Pierce were"baseless" and should be thrown out.
While Pierce had claimed the company retaliated against her for complaining about Garg, Better told the court that Pierce had willingly resigned. Better pointed to a December 2021 email Pierce wrote to Better's chief financial officer Kevin Ryan that said"I'd like to begin transitioning out of my role and Better," and sought compensation including a"fixed per annum fee of $2 million," and for the company to buy her nearly two million shares at $27 a piece.
"Worse, in a cynical and opportunistic effort to force the company to accept her outrageous demands, plaintiff's email cryptically stated that she would agree 'not take action against the company with the information in my possession,' if the company agreed to her terms," Better wrote in its letter.
"She told him that she wasn't resigning," Brickman said."They tried to characterize that as a resignation. It's a silly argument." She said she also challenged Garg's conduct in the aftermath of the layoffs of 900 employees in December over acall, including what she said were his"defamatory" statements that employees were let go for working too few hours.
Garg and Calamari said in their July 7 letter to the court that Pierce had resigned of her own volition after giving them"outrageous demands for an exit package that was simply not acceptable."
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