Connect with us

Hi, what are you looking for?

CleanTechnica
Hyperloop One has reached a settlement in its legal battle with a number of former employees, including the former Chief Technical Officer (CTO) and co-founder Brogan BamBrogan. The lawsuit by the former Hyperloop One employees alleged a wide variety of things, including threats, harassment, and, probably more importantly, financial mismanagement.

Clean Transport

Hyperloop One Reaches Settlement In Lawsuit Filed By Former Employees

Hyperloop One has reached a settlement in its legal battle with a number of former employees, including the former Chief Technical Officer (CTO) and co-founder Brogan BamBrogan. The lawsuit by the former Hyperloop One employees alleged a wide variety of things, including threats, harassment, and, probably more importantly, financial mismanagement.

Hyperloop One has reached a settlement in its legal battle with a number of former employees, including the former Chief Technical Officer (CTO) and co-founder Brogan BamBrogan.

The lawsuit by the former Hyperloop One employees alleged a wide variety of things, including threats, harassment, and, probably more importantly, financial mismanagement.

This lawsuit was countered with a $250 million lawsuit by Hyperloop One against the relevant employees, with a claim that BamBrogan had attempted a “coup” within the firm.

Details of the settlement haven’t been publicly disclosed.

Commenting on the settlement in an employee memo, CEO Rob Lloyd noted that the firm was moving ahead, and that the opening of the firm’s new fabrication facility was a sign of things to come.

Here’s the text of the full memo (via Engadget):

Team,

I am pleased to inform you that we have resolved the lawsuit that was filed this summer against Hyperloop One by several of its former employees.

Lawsuits can be distracting for companies; they often halt momentum until they can be resolved. That didn’t happen here.

The resilience we have shown as a company since June has been nothing short of remarkable. Let’s just take a moment to reflect on just some of the accomplishments since.

On construction: We opened Metalworks, the world’s first hyperloop fabrication facility. This week we installed the first tubes on columns, a major step in our development loop. Today we have 65 full time team members working in Nevada at both Metalworks and our Test and Safety. We remain on track to have our Kitty Hawk moment in early 2017.

On partnerships: In Dubai, we announced the Port Jebel Ali feasibility study with DP World and we were selected for Dubai Future Accelerators. We then revealed our designs for the world’s first hyperloop to go from Dubai to Abu Dhabi in 12 minutes in coordination with RTA. And in Europe, we established working groups with the Dutch and Finnish governments for project feasibility.

On financing: We announced a $50 million investment led by DP World and hired Brent Callinicos as chief financial advisor.

This is an impressive list and none of this would have been possible without the entire team, from top to bottom. This is an amazing group to be a part of and we are on the cusp doing something extraordinary together.

Now let’s keep our focus on achieving our Q1 milestones and show the world the first working Hyperloop One system to the shape the future of transportation. The world is watching!

Regards and thank you,

Rob Lloyd
Chief Executive Officer

 

Advertisement
 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy.

Comments

#1 most loved electric vehicle, solar energy, and battery news & analysis site in the world.

 

Support our work today!

Power CleanTechnica: $3/Month

Tesla News Solar News EV News Data Reports

Advertisement

Advertisement

Advertisement

Tesla News

EV Reviews

Home Efficiency

You May Also Like

Clean Transport

Living in a rural area or in a smaller city has always come with the cost of needing to secure transport of some kind...

Clean Transport

Virgin Hyperloop is out of the passenger business and will concentrate on cargo.

Clean Transport

Elon Musk’s "The Boring Company" isn’t sleeping at all. It has been steadily working on the tunnel loops under the 200-acre Las Vegas Convention...

Batteries

This is one of the odder starts to a CleanTechnica top 20 list. We've got a story about the motorcycle market on top, followed...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.