EV Battery Co. Hit With $207M Default Loss For Lack Of Attys
By Katryna Perera ( September 20, 2024, 9:40 PM EDT) -- Shareholders of electrical vehicle battery maker Romeo Power Inc. have secured a $206.8 million default win against the company after it failed to retain new counsel in a proposed class action alleging it concealed its acute shortage of high-quality battery cells before going public via a merger with a blank check company....
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