💨 Abstract
Embattled fashion startup CaaStle, accused of financial misconduct by its board, is now facing lawsuits from a partner and a supplier for missed payments and fraudulent inducement. The suits allege that CaaStle hid financial details and misled investors, causing over $58 million in harm. The company is exploring bankruptcy and has secured $2.7 million in financing.
Courtesy: techcrunch.com
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