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 engaged in a long-running effort to consolidate control. The allegations create a material corporate-governance and litigation overhang for Nasdaq-listed Fermi (FRMI), though the article excerpt does not provide details on damages, requested remedies, or the directors' response.