Cava Founders, Board Hit With $2.2 Billion Insider Trading Case

Cava Group Inc.'s founders and financial backers dumped billions of dollars in stock at prices inflated by hype about the company’s supposedly soaring trajectory, an unsealed lawsuit said Tuesday. A pension fund hit Cava’s corporate leaders with insider trading claims, saying they helped affiliates of the Belgian billionaire Eric Wittouck unload shares worth nearly $1.8 billion while selling the public a bogus narrative about accelerating growth. Two of Cava’s directors are linked to Invus Group

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