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The Founders of LOOM Sue Merlin For €170 Million

The two founders of the coworking company LOOM are suing the Socimi for a possible violation of a non-competition clause and an alleged manipulation of the valuation.

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The members of the Board of Directors of the Socimi Merlin Properties received a letter last week informing them that a lawsuit has been filed against the company amounting to 170 million euros.

Specifically, according to El Confidencial, the founders of the flexible work space company LOOM, the siblings Paula and José Manuel Almansa, have filed a lawsuit against Merlin for a possible breach of their non-competition clause and for an alleged manipulation of the company’s valuation.

Read the full article in Spanish.

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