Hoyos Integrity Corp., a security-focused smartphone startup that is trying to reorganize in chapter 11 bankruptcy, wants to bring in an outside party to investigate “allegations of malfeasance,” a lawyer for the Florida-based company says.
During a hearing Tuesday at the US Bankruptcy Court in Wilmington, Del., Hoyos lawyer Raymond Lemisch said there had been “discord” among management and the board of directors.
A third party could help determine whether the allegations had merit, he said, without elaborating.
Hoyos directors when it filed for bankruptcy in April included Gary Cohn, a former top economic adviser to President Donald Trump.
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