LegalApr 14, 2026, 12:48 PM
Former CEO Sues Starfighters Space, Inc. for $26M+
AI Summary
Richard "Rick" Svetkoff, former CEO of Starfighters Space, Inc., has filed a lawsuit against the company, its current CEO, and board members. The complaint, filed on April 9, 2026, alleges breach of fiduciary duty, including self-dealing and mismanagement of assets, and seeks damages exceeding $26 million. Svetkoff also seeks equitable relief, such as the removal of certain directors.
Key Highlights
- Former CEO Richard Svetkoff filed a complaint on April 9, 2026.
- Lawsuit targets Starfighters Space, Inc., current CEO Timothy Franta, and board members.
- Allegations include breach of fiduciary duty, self-dealing, and mismanagement of assets.
- Svetkoff seeks damages exceeding $26,000,000.
- Equitable relief, including the removal of certain directors, is also sought.