Eric Gan's departure from Cybereason follows a tumultuous period marked by disagreements with investors, including the SoftBank Vision Fund. After urging the board for a $100 million cash infusion, which he warned was critical to avoid bankruptcy, he filed a lawsuit claiming intentional obstruction from board members regarding funding proposals. Despite discussions to potentially merge with Trustwave, internal conflicts persisted, leading to the resignation of several board members and ultimately contributing to Gan's exit as the company struggled to stabilize its financial future.
Gan filed a lawsuit against Cybereason amid conflicts with investors, claiming his proposals for funding were repeatedly rejected, risking the company's survival.
After warning the board of imminent bankruptcy due to funding issues, Gan faced obstruction and disputes over the company's future direction and structure.
Cybereason's board struggled with conflicting opinions on funding and potential mergers while Gan's efforts for securing investment faced intentional blockages from other directors.
The board's refusal to agree on financing and structural changes left Cybereason vulnerable as Gan alleged his bypassed proposals could have stabilized the firm.
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