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Troubled startup CaaStle is now facing two new lawsuits and more allegations
CaaStle, the embattled fashion startup whose board of directors accused its founder, Christine Hunsicke, of financial misconduct, is starting to face
CaaStle, the embattled fashion startup whose board of directors accused its founder, Christine Hunsicke, of financial misconduct, is starting to face lawsuits from a partner and a supplier over missed payments and more allegations of fraud. “It then fraudulently induced P180, among other things, to raise capital and take out multiple loans in the expectation that P180 would acquire viable assets, which P180 ultimately did,” the suit alleges, adding that CaaStle also tried to force the two to merge. TechCrunch spoke to two former employees who said they were not surprised to hear that the company had financial troubles, though they didn’t witness any of the alleged fraud.
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