Arm China investor sues company, escalating CEO spat amid sale

The Chinese division of UK-based chip designer Arm Ltd has been sued by an investor over its board's attempt to oust the unit's chief executive, escalating an internal dispute at a time when the tech group is on the verge of being taken over in a US$40 billion deal.

Wu has not commented publicly on the allegations. He did not respond to questions sent to his LinkedIn account. An Arm China spokesman confirmed the Ningbo Meishan lawsuit but did not comment on its status after the pre-hearing. In June, Arm and Hopu tried to remove Wu as Arm China's chief executive after finding what they said were serious irregularities in his conduct. They said they included failing to disclose conflicts of interest and violations of the employee handbook.

Arm said in a statement in July that was in defiance of the board's"legally valid" decision to remove him.

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