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Jian Zhou v. Faraday Future Intelligent Electric Inc. et al
Case Number:
2:21-cv-09914
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Alston & Bird
- Glancy Prongay
- Kessler Topaz
- King & Spalding
- Latham & Watkins
- Levi & Korsinsky
- Pomerantz LLP
- Rosen Law Firm PA
- Troutman
- Wolf Haldenstein
Companies
Sectors & Industries:
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February 14, 2024
Shareholders Seek Approval For $7.5M Faraday Future Deal
Faraday Future Intelligent Electric Inc. investors are asking a California federal judge to certify a settlement class and approve a $7.5 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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November 08, 2023
Faraday Future's $7.5M Shareholder Deal Gets Initial OK
Electric-car maker Faraday Future Intelligent Electric Inc. and its investors have received an initial nod for their $7.5 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.
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October 06, 2023
Electric Vehicle Co. Faraday Inks $7.5M Shareholder Deal
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.