Wework’s board of directors submits a motion and reserves the right to sue Softbank


A special committee of Wework’s board of directors filed a motion Monday in Delaware to prevent the company from being dissolved, foreign media reported. The move comes at a time when the committee is suing Softbank group, the company’s main shareholder, for abandoning a $3 billion bid for the office space start-up.
In the motion, Wework’s special committee submitted a “status quo order”. The order aims to preserve the authority of the Committee until the outcome of the legal proceedings between Wework and Softbank. A Delaware court judge last month set a date for the trial in early January.