Posted by Alumni from TechCrunch
April 29, 2025
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. 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 that CaaStle also tried to force the two to merge. The suit goes on to say that because... learn more