By Josh Horwitz
SHANGHAI (Reuters) - 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 $40 billion deal.
The legal case, which has not been reported, was launched by Ningbo Meishan Bonded Port Area ARM Investment Management Partnership and went through a pre-hearing in a Shenzhen court last week, court records show. The pre-hearing was closed to the public and no further details were immediately available.
Arm is involved in a standoff with Allen Wu, the chief executive of its Chinese division, Arm China. He has refused to step down amid allegations of breaches of conduct.
Wu ...
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