Toby Neugebauer Sues Three Fermi Directors, Alleging a Coordinated Effort to Take Control of Company and Disenfranchise Fermi Shareholders According to the Complaint

Fermi founder and largest shareholder Toby Neugebauer filed an amended lawsuit in Texas Business Court alleging that three current Fermi Inc. directors pursued a long-running effort to consolidate their control. The article excerpt does not provide details on the alleged conduct, damages sought, or the company’s response. The governance dispute creates potential legal, reputational, and board-level risks for Nasdaq-listed Fermi.