Electric Vehicle Co. Faraday Inks $7.5M Shareholder Deal

By Henrik Nilsson (October 6, 2023, 8:36 PM EDT) -- Faraday Future Intelligent Electric Inc. agreed to pay investors $7.5 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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