Exclusive: Carta’s fired CTO accuses CEO Henry Ward of deceiving regulators, abusing employees, and misappropriating funds

• In a new legal filing Carta’s former CTO accuses the company’s CEO of a litany of misdeeds.
• It’s the lastest development in a legal battle involving one of the hottest startups in Silicon Valley. 
• Carta has faced multiple lawsuits in recent years, all centering around the conduct of its CEO.

New details have emerged in the ongoing lawsuit between $7 billion startup Carta and its former CTO Jerry Talton.

In a legal filing on Wednesday, lawyers for Talton, responding to the company’s lawsuit against Talton, describe how he stood up “against the increasingly erratic, self-absorbed reign of Ward” and how he “carefully assembled evidence of Ward’s misdeeds and illegalities” before writing a letter to the company’s board alerting them of his concerns in October 2022.