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SoftBank agrees $1.6bn settlement with ex-WeWork boss Adam Neumann, others

The agreement is not an admission of liability or wrongdoing by SoftBank

By

James Booth

The settlement agreement, when completed, would resolve all claims brought in a lawsuit in the Delaware Court of Chancery
The settlement agreement, when completed, would resolve all claims brought in a lawsuit in the Delaware Court of Chancery Photo: Getty Images

SoftBank has announced it has reached a $1.6bn settlement to a lawsuit brought against it by ex-WeWork chief executive Adam Neumann and the special committee of the board of WeWork.

SoftBank said it would pay out $1.6bn to settle the lawsuit, but said the payment was not an admission of liability.

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