• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

MacKenzie Scott, Melinda French Gates, and Lauren Sánchez Bezos are rewriting the rules of billionaire giving—one quietly, one strategically, one very publicly

2

Summer camps remain a battleground over what it means to be American

3

Current price of oil as of July 13, 2026

1

MacKenzie Scott, Melinda French Gates, and Lauren Sánchez Bezos are rewriting the rules of billionaire giving—one quietly, one strategically, one very publicly

2

Summer camps remain a battleground over what it means to be American

3

Current price of oil as of July 13, 2026
TechGeneral Motors

GM’s $1 Billion Acquisition Caught in Legal Battle

By
Kia Kokalitcheva
Kia Kokalitcheva
Down Arrow Button Icon
By
Kia Kokalitcheva
Kia Kokalitcheva
Down Arrow Button Icon
April 13, 2016, 9:43 PM ET
GM Talks
FILE - In this Jan. 12, 2009 file photo, the General Motors logo is seen on display at the North American International Auto Show in Detroit. The clock is ticking on a June 1 deadline for General Motors Corp. to restructure, and this make-or-break week is expected to bring more plant closures, employee concessions and other last-minute efforts. (AP Photo/Paul Sancya, File)Photograph by Paul Sancya — AP
Add Fortune on Google for similar content.

General Motors’ $1 billion acquisition of autonomous driving startup Cruise might not all be smooth driving.

Cruise founder and CEO Kyle Vogt has filed a complaint in San Francisco Superior Court against Jeremy Guillory, who he says is unjustly claiming a stake in the company. The lawsuit asks that Guillory be barred from making those claims.

According to the complaint, the two men met just after Vogt founded his then new startup, Cruise, which develops technology that turns traditional cars into ones capable of autonomous driving. The two discussed potentially working together on the company.

However, after about a month, the two parted ways after deciding that their visions and personalities didn’t match, according to the lawsuit. Though Guillory was listed on the startup’s application for Y Combinator, a prestigious accelerator program for startups, Vogt said he interviewed with the program’s partners alone after the two men had already decided against working together.

Vogt claims in the lawsuit that Guillory didn’t write any code or build any products for the startup.

Get Data Sheet, Fortune’s technology newsletter.

Guillory, who couldn’t be reached for comment, is allegedly asking for a stake in Cruise that he says he’s entitled to. According to Vogt’s complaint, he made his claim just five days after GM (GM) announced it would acquire Cruise last month.

The dispute creates a new complication for GM’s acquisition, which is intended to help the auto giant compete in what many believe will be a future filled with self-driving cars. Ownership battles, although fairly common, can delay major deals or, at minimum, add to the headaches involved.

“Defendant’s shocking and opportunistic claim is an attempt to thwart, interfere or otherwise delay GM’s merger acquisition of Cruise for his own pecuniary benefit,” the lawsuit says. “Knowing that this claim could interfere with the GM transaction, Mr. Guillory hopes to leverage his extortionist claims to achieve a pay-off from the Company.”

 

Sam Altman, Y Combinator’s president, said in a blog post that Vogt tried to settle the dispute by offering to pay an undisclosed amount to Guillory from his personal funds. But the offer was not accepted by last Friday’s deadline.

“Kyle has worked incredibly hard to settle this claim amicably, despite what I consider to be the obvious ridiculousness of it, and has done far more than I would have personally done under these circumstances,” Altman wrote.

The acquisition of Cruise is still expected to close by the end of June, according to Altman’s blog post.

About the Author
By Kia Kokalitcheva
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

U.S.-Russia space crew arrives at the ISS despite bitter space race past
North AmericaNASA
U.S.-Russia space crew arrives at the ISS despite bitter space race past
By Vladimir Isachenkov and The Associated PressJuly 14, 2026
28 minutes ago
NYS Gov. Kathy Hochul standing at a podium
North AmericaData centers
‘New York will lead the way’: NYS Gov. Hochul’s data center moratorium includes a new model for funding AI infrastructure 
By Tatiana SatauaJuly 14, 2026
2 hours ago
A headshot of Dave Bozeman, CEO of C.H. Robinson.
NewslettersEye on AI
The secrets of an unheralded AI success story
By Jeremy KahnJuly 14, 2026
3 hours ago
Phones in hand
CybersecurityPrivacy
A new FCC proposal could spell the end of the burner phone. Even if you don’t use one, privacy experts say you should be worried anyway
By Catherina GioinoJuly 14, 2026
3 hours ago
The AI boom drove China’s 27% export jump in June as AI and the Iran war reshape global trade
AsiaChina
The AI boom drove China’s 27% export jump in June as AI and the Iran war reshape global trade
By The Associated Press and Chan Ho-HimJuly 14, 2026
4 hours ago
Golfer at a bay.
C-SuiteSports
Topgolf’s CEO thinks the sport’s next star could get their start at one of its driving ranges
By Catherina GioinoJuly 14, 2026
4 hours ago

Most Popular

MacKenzie Scott, Melinda French Gates, and Lauren Sánchez Bezos are rewriting the rules of billionaire giving—one quietly, one strategically, one very publicly
Newsletters
MacKenzie Scott, Melinda French Gates, and Lauren Sánchez Bezos are rewriting the rules of billionaire giving—one quietly, one strategically, one very publicly
By Sydney LakeJuly 14, 2026
5 hours ago
Summer camps remain a battleground over what it means to be American
North America
Summer camps remain a battleground over what it means to be American
By Seth T. Kannarr, Derek H. Alderman and The ConversationJuly 13, 2026
1 day ago
Current price of oil as of July 13, 2026
Personal Finance
Current price of oil as of July 13, 2026
By Joseph HostetlerJuly 13, 2026
2 days ago
The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents
Innovation
The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents
By Sasha RogelbergJuly 12, 2026
2 days ago
Current price of silver as of Tuesday, July 14, 2026
Personal Finance
Current price of silver as of Tuesday, July 14, 2026
By Joseph HostetlerJuly 14, 2026
12 hours ago
Current price of gold as of July 13, 2026
Personal Finance
Current price of gold as of July 13, 2026
By Danny BakstJuly 13, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.