Ondo Finance founder Nathan Allman died intestate in May, sparking a multi-party legal battle over the company's controlling stake and significant ONDO token holdings now held by his estate. His mother, Kathleen Allman, has sued acting CEO Ian De Bode, alleging he rushed through an $11 million compensation and token incentive package within a week of Allman's death to seize control of the firm.
In a parallel legal filing in Hawaii court, Allman’s half-sister Lani Clinton and investor David Chen petitioned for limited guardianship over Kathleen, citing alleged alcohol addiction, cognitive impairment, and erratic spending as barriers to managing the estate. Kathleen Allman has denied these claims, asserting the guardianship petition is a coordinated litigation strategy aligned with De Bode.
Ondo Finance Founder’s Death Triggers Control Battle and Family Legal Dispute
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