an ex Rivian south executive the electric truck creator ahead of his own public offering of shares, claiming she was fired last month after complaining about the company’s “toxic sibling culture” and gender discrimination.
According to a copy of the case shared by his lawyers. They said the lawsuit was filed Thursday in a California Superior Court in Orange County.
Schwab claims Rivian violated the state’s labor code, tarnished his reputation, and caused emotional pain, according to the lawsuit. “Rivian’s misconduct cost Ms. Schwab millions of dollars in unearned stock on the eve of the company’s IPO,” he said. Schwab’s attorneys said they also filed a complaint statement with the American Arbitration Association on Thursday.
Schwab joined the Irvine, California-based company in November 2020. She said she offered a base salary of $ 360,000, a 40% bonus, a scholarship of $ 4,000 a month, a bonus subscription of $ 100,000 and $ 1.5 million in shares in the form of restricted shares. Rivian, which is backed by Amazon Inc., plans an initial public offering later this month that could value the company close to $ 60 billion.
A Rivian rep declined to comment, citing a lull before the initial public offering.
Dow Jones reported on the complaint earlier.
“Rivian publicly brags about his culture, so it was a blow when I joined the company and almost immediately experienced a toxic sibling culture that marginalizes women and helps make the company make mistakes.” Schwab wrote in a blog post on Thursday.
In his lawsuit, Schwab argues that Rivian’s Chief Commercial Officer, Jiten Behl, “routinely excluded her from meetings” and made decisions about her team “without her input but with the input of men from different teams and rejected the legitimate concerns he had about Rivian’s deception, public statements and unfair business practices. “
Schwab said it warned that vehicle sales would lead to losses because they were “underpriced,” production had to be “refined” before promising a safe vehicle to consumers, and that a company statement in a regulatory document that 1,000 vehicles would be delivered in 2021 was not feasible, according to his complaint.