Chamath Palihapitiya and Richard Branson are being sued over allegedly covering up flaws in Virgin Galactic’s spaceships and pocketing millions by dumping shares
By Shalini Nagarajan, Published by Business Insider, 3 March 2022 Chamath Palihapitiya and Richard Branson have been sued for allegedly concealing flaws in Virgin Galactic’s spacecrafts.An investor lawsuit alleges they dumped shares while aware of that non-public information, making millions of dollars.They took advantage of an “artificially inflated” stock price