Lucid Defeats Investor Suit Over $11B SPAC Merger, For Now
By Hailey Konnath ( January 11, 2023, 11:19 PM EST) -- A California federal judge on Wednesday threw out investors' proposed class action accusing Lucid Group Inc. of coercing them into buying stock in a special-purpose acquisition company ahead of the vehicle maker's $11 billion merger with the SPAC, although she gave them until the end of the month to file an amended complaint....
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