(Yicai Global) Jan. 6 -- Henry Liu, who held several executive positions at electric carmaker Faraday Future, is suing the company for USD106.4 million on a string of accusations of dishonesty.          

The former Mayer Brown equity partner filed the complaint to a district court in Manhattan on Jan. 3, 21st Century Business Herald reported. It lists six reasons for action: breach of contract, violations of the US Securities and Exchange act and Securities and Exchange Commission Act, using false information to induce fraud, illegal dismissal, intentional emotional damage to the complainant, and issuing a negligent false statement.

Liu left law giant Mayer Brown and his home in New York to join Faraday Future in California in August 2018 as its global chief administrative officer, global general counsel and global executive vice president.

At the time, Faraday claimed it was in the midst of raising USD2 billion. But the funds never materialized and Faraday fired Liu in February 2019, without paying him USD6.4 million in remuneration owed and 20 million shares in subsidiary Smart King, worth around USD100 million.

Faraday Future presented false information that led Liu to overestimate the company, according to the suit. He is suing for his unpaid compensation plus related expenses and interest.

The suit comes at a troubling time for Faraday Future, which Chief Executive Carsten Breitfeld said at the end of December is still seeking investment to finally begin mass production of its first car, the FF91.

Embattled Chinese founder Jia Yueting, who stepped down as chairman and CEO last year, has also withdrawn his personal bankruptcy reorganization plan in the US after creditors refused to play ball. He fled to the States in 2017 after racking up a mountain of debt in his home country.

Editor: James Boynton