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Lordstown Fears Bankruptcy Without $170M Foxconn Infusion

Law 360

Foxconn Ventures Pte Ltd. is abandoning plans to become the largest shareholder of Lordstown Motors, falling short of its commitment to invest up to $170 million in the electric vehicle maker and hurling the company toward the possibility of bankruptcy, according to a Monday filing with the U.S.

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Chancery Nixes Most Stream TV Calls To Sanction Hawk

Law 360

New media company Stream TV Networks Inc. has failed to persuade Delaware's Court of Chancery that Hawk Investment Holdings Ltd. should be sanctioned for discovery failures in the companies' long-running legal battle for control of the Philadelphia-based 3D television company's business.

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2nd Circ. Tosses Arbitration Ruling In Ousted Chair's Suit

Law 360

The Second Circuit on Monday vacated an order refusing to halt arbitration initiated by the ousted former chairperson of software investment company The Resource Group International Ltd., who was forced to resign in late 2021 following a widely reported sexual harassment scandal.

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Nano Dimension Says Activist's Proxy Fight Is 'Self-Interested'

Law 360

Massachusetts-based 3D printing company Nano Dimension Ltd. on Tuesday sent a letter to shareholders blasting activist Murchinson Ltd.'s

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Foxconn Defends Halting Of $170M Lordstown Investment

Law 360

Foxconn Ventures Pte Ltd. vigorously" disputed claims that the company breached an agreement in which it promised to invest up to $170 million in Lordstown Motors but has only provided a portion of that amount, saying Tuesday the electric-car maker is to blame for failing to meet Nasdaq's listing requirements.

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Co. Says Ex-Chair Can't Pursue Arbitration Over Ouster

Law 360

Software investment company The Resource Group International Ltd. is asking a New York court to block its former chairman, who was forced to resign in late 2021 following a widely reported sexual harassment scandal, from pursuing an arbitration claim over his ouster that he allegedly agreed not to file.

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US and UK target Russian oligarch affiliates in latest round of sanctions

JURIST

Most notably it targets individuals and companies who have known connections to oligarchs Alisher Usmanov and Roman Abramovich, who are among the wealthiest men in Russia and the most prominent supporters of Russian President Vladimir Putin. The company’s business ventures include mining and telecommunications.