# Garg Vishal (BETRW) — litigation [announced]
Source: sec.gov · situation sit_570e26d3f1b227181d8f · public 6961649270017642040 · retrieved 2026-08-19T12:00:56.942Z

## Overview
Better Home & Finance Holding Co is a loan broker engaged in the mortgage lending business.

On August 17, 2026, Vishal Garg and a group of stockholders (including Red Mango, Christopher Parker, Nicholas Calamari, 1/0 Mortgage Investment LLC, Better Portfolio Holdings 1, Ron Beller, Ziggy Johnson, and Global Investment Ventures LLC) delivered written consents intended to remove five directors—Daniel Lewis, Arnaud Massenet, Bhaskar Menon, Prabhu Narasimhan, and Harit Talwar—from Better Home & Finance Holding Co's board. However, the consents did not constitute a majority of voting power due to an administrative error in the share count provided by the Issuer. The group disbanded their removal efforts. On the same day, Garg filed a preliminary Schedule 14A consent solicitation statement to seek stockholder consents for the same director removals. On August 18, 2026, Better Home & Finance filed a federal lawsuit against Garg in the U.S. District Court for the Southern District of New York, alleging violations of Section 13(d) of the Securities Exchange Act (failure to timely disclose a group formation), Section 14(a) and Rule 14a-3 (unlawful proxy/consent solicitation without a compliant proxy statement), and Section 14(a) and Rule 14a-9 (materially false and misleading statements in solicitation materials). The Issuer seeks injunctive relief, corrective disclosure, and a declaration that any consents obtained through the unlawful solicitation are void.

## Terms
- Counterparty: Vishal Garg; Red Mango; Christopher Parker; Nicholas Calamari; 1/0 Mortgage Investment LLC; Better Portfolio Holdings 1; Ron Beller; Ziggy Johnson; Global Investment Ventures LLC · Stake: 13.7%

## Key dates
- Announced 2026-08-19

## Timeline
- 2026-08-19 · SCHEDULE 13D/A (0001193805-26-001110): SCHEDULE 13D/A - Garg Vishal — *Better Home & Finance Holding Co is a loan broker engaged in the mortgage lending business.* On August 17, 2026, Vishal Garg and a group of stockholders (including Red Mango, Christopher Parker, Nicholas Calamari, 1/0 Mortgage Investment LLC, Better Portfolio Holdings 1, Ron Beller, Ziggy Johnson, and Global Investment Ventures LLC) delivered written consents intended to remove five directors—Daniel Lewis, Arnaud Massenet, Bhaskar Menon, Prabhu Narasimhan, and Harit Talwar—from Better Home & Finance Holding Co's board. However, the consents did not constitute a majority of voting power due to an administrative error in the share count provided by the Issuer. The group disbanded their removal efforts. On the same day, Garg filed a preliminary Schedule 14A consent solicitation statement to seek stockholder consents for the same director removals. On August 18, 2026, Better Home & Finance filed a federal lawsuit against Garg in the U.S. District Court for the Southern District of New York, alleging violations of Section 13(d) of the Securities Exchange Act (failure to timely disclose a group formation), Section 14(a) and Rule 14a-3 (unlawful proxy/consent solicitation without a compliant proxy statement), and Section 14(a) and Rule 14a-9 (materially false and misleading statements in solicitation materials). The Issuer seeks injunctive relief, corrective disclosure, and a declaration that any consents obtained through the unlawful solicitation are void.
  https://www.sec.gov/Archives/edgar/data/1297602/0001193805-26-001110.txt

## Citations
- 0001193805-26-001110 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119380526001110