Nathan Allman’s mother sues to remove CEO Ian De Bode, alleging unauthorized leadership assumption and claiming estate voting control.
The mother of late Ondo Finance founder Nathan Allman has filed a lawsuit in Delaware to gain control of the company and oust CEO Ian De Bode. She claims De Bode took the CEO role without board approval following Allman’s death and asserts her authority as estate representative to reconstitute the board.
De Bode disputes the allegations, stating the current leadership retains support from key stakeholders, including lead investors and the Ondo Foundation. The lawsuit centers on voting power and governance rights tied to Allman’s estate.
No immediate market reaction was reported, but the dispute could impact Ondo Finance’s operational stability and investor confidence.