Ex-GC Sues Faraday & Future; Was Poached From Mayer Brown
The former general counsel of Faraday & Future Inc. sued the company for $106 million Jan. 3, according to a Bloomberg Law article.
Hong Liu, a China expert, claimed in Manhattan federal court that the electric car startup lured him away from a Mayer Brown LLP partnership by fraudulently overstating its prospects.
He alleges top executives made false claims about a pending $2 billion investment to persuade him to abandon his lucrative practice and move his family from New York to California. The investment didn’t materialize, and Liu alleges he was fired after less than a year without receiving the compensation he’d been promised: $6 million in cash and 20 million shares—valued at $100 million—in Faraday affiliate Smart King Ltd.
