Troubled startup CaaStle is now facing two new lawsuits and more allegations

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April 29, 2025, 6:47 PM

CaaStle, the fashion startup, is facing lawsuits from a partner and a supplier over missed payments and allegations of fraud, following accusations of financial misconduct against its founder. P180, an investment vehicle, alleges CaaStle hid financial details and fraudulently induced investment, seeking over $58 million in damages. EXP Topco is suing for breach of settlement, while rumors of a class-action lawsuit against an investment firm also surface. The company, which raised over $530 million, is exploring bankruptcy.

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