Datavault AI founder files lawsuit against board of directors

Datavault AI founder Nathaniel Bradley has initiated legal action against the company’s board in Wilmington, Delaware. The lawsuit alleges that Chairman and CFO Brett Moyer orchestrated a lockout, preventing Bradley from accessing company facilities during a weekend.

The complaint centers on claims that Moyer withheld a financing offer valued at between $90 million and $100 million from the company’s independent directors. Bradley contends that these actions were taken to undermine his position and conceal key financial opportunities from the broader board.

The legal dispute highlights significant governance issues within the technology firm. As the case proceeds, it is expected to scrutinize the communication channels between the company's executive leadership and its board members, as well as the status of the alleged funding round.