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Shareholders Seek Approval For $7.5M Faraday Future Deal

Law 360

Faraday Future Intelligent Electric Inc. million deal to resolve their claims that the company misled them about its electric vehicle reservations and financial prospects before a go-public special-purpose acquisition company merger.

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Faraday Future's $7.5M Shareholder Deal Gets Initial OK

Law 360

Electric-car maker Faraday Future Intelligent Electric Inc. million deal resolving claims the company painted an overly rosy picture of its financial prospects in the lead-up to its go-public merger with a special-purpose acquisition company. and its investors have received an initial nod for their $7.5

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Electric Vehicle Co. Faraday Inks $7.5M Shareholder Deal

Law 360

Faraday Future Intelligent Electric Inc. million to settle allegations in California federal court that its leaders misled shareholders about the true value of the luxury electric car business before merging with a special-purpose acquisition company, according to a motion for approval filed on Thursday.

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Faraday Investors Sue For Board Change In Two Del. Suits

Law 360

Shareholders in electric-car maker Faraday Future Intelligent Electric Inc. filed separate suits in Delaware Chancery Court on Monday seeking in one case to compel an annual shareholder meeting to elect directors and in the other to remove two board members for allegedly driving the company into the ground.

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