Late Ondo founders mother seeks control of company and removal of De Bode as CEO
Quick TakeThe mother of deceased Ondo Finance founder Nathan Allman is seeking control of the company and the removal of Ian De Bode as chief executive, according to a court filing.The complaint alleges De Bode wrongfully assumed the role of CEO.De Bode said the legal complaints allegations are “meritless” and the company has the support of key stakeholders and lead investors. Kathleen Allman, mother of the late Ondo Finance founder Nathan Allman, is seeking control of the company and the removal of Ian De Bode as chief executive and president, according to a verified complaint filed in the Delaware Court of Chancery. In the complaint, Allman alleges that in the days after her sons death, De Bode improperly held himself out as CEO of Ondo without board approval and attempted to install himself as its sole director. She further contends that, as personal representative of Nathan Allmans estate, she holds a controlling voting interest in the company and has the authority to reconstitute its board. The public version of the filing redacts the precise size of that voting interest and the cause of Nathan Allmans death. “Ms. Allmans claims are meritless, and that will come through clearly in court. The company continues to have









