Exclusive: Carta's fired CTO accuses CEO Henry Ward of deceiving regulators, abusing employees, and misappropriating funds
In a new legal filing Carta's former CTO accuses the company's CEO of a litany of misdeeds.
The filing, a motion to dismiss parts of the lawsuit, is the latest development in an ongoing legal battle that pits one of the hottest startups in Silicon Valley against its own former executive. In its original lawsuit filed in December of 2022, Carta sought to depict Talton as an incompetent, disgruntled employee bent on destroying the company's reputation.
Four days after submitting that letter, Talton was placed on administrative leave. In the following weeks the company hired an outside law firm to conduct an investigation into Ward, which was led by former Attorney General Loretta Lynch. Carta has declined to comment on the outcome of that investigation.
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