Troubled startup CaaStle is now facing two new lawsuits and more allegations

CaaStle, the embattled fashion startup whose board of directors accused its founder, Christine Hunsicke, of financial misconduct, is starting to face lawsuits from a partner and a supplier over missed payments and more allegations of fraud. As first reported by Axios and by suits seen by TechCrunch, CaaStle is being sued by P180, a vehicle it launched to invest in companies that used CaaStle technology, and by EXP Topco, an apparel company that says the company never paid it after reaching a settlement for copyright infringement. A representative CaaStle did not immediately respond to TechCrunch’s request for comment. The P180 suit alleges, “Nothing about CaaStle was true.” The lawsuit claims that CaaStle tried to hide details of its income and financial stability from P180. “It then fraudulently induced P180, among other things, to raise capital and take out multiple loans in the expectation that P180 would acquire viable assets, which P180 ultimately did,” the suit alleges, adding ... Read full article.