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WeWork directors seek to preserve right to sue SoftBank over a $3 bn tender

This comes after lawyers for SoftBank last month wrote to WeWork's board to request that it confirm the special committee is not authorized to act on behalf of WeWork

WeWork
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The WeWork board voted six to two to approve retaining a search firm to identify independent directors, according to the filing.

Reuters
A special committee of WeWork board members filed a motion in Delaware on Monday to prevent it from being disbanded, as it pursues legal action against majority owner SoftBank Group Corp over an abandoned $3 billion tender offer for the office space-sharing start-up.

It is the latest salvo in a heated legal dispute between the two sides. WeWork's special committee, which represents minority shareholders in the company including its co-founder Adam Neumann, is contesting SoftBank's decision to walk away from the tender offer agreed last year.

In the motion, WeWork's special committee filed a "status quo order" which would preserve

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