WeWork Founder Adam Neumann Requests Bankruptcy Court Intervention to Reacquire Coworking Business

Adam Neumann, founder of WeWork, has filed a request with a U.S. bankruptcy judge to compel WeWork’s management to engage in negotiations with his new real estate company, Flow Global, regarding the reacquisition of WeWork out of bankruptcy. Neumann alleges that WeWork has refused to engage with Flow Global despite an offer of over $500 million. He argues that WeWork’s refusal violates its obligation under bankruptcy law to maximize value for creditors and that it is rushing to finalize a deal with existing lenders before a better offer can be considered.

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