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Schelling v. Microvast Holdings, Inc. et al

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Case Number:

4:23-cv-04565

Court:

Texas Southern

Nature of Suit:

Securities/Commodities

Multi Party Litigation:

Class Action

Judge:

Andrew S Hanen

Firms

  1. August 25, 2025

    Battery Co. Must Face Suit Over Revoked $200M DOE Grant

    A Texas federal judge has ruled that lithium-ion battery company Microvast Holdings Inc. cannot beat, for now, a securities class action alleging it misled investors about a revoked $200 million grant from the U.S. Department of Energy, although the judge trimmed certain claims from the suit.

  2. February 15, 2024

    Investor In Battery Co. Microvast Sues Over De-SPAC Merger

    Leaders of lithium-ion battery maker Microvast Holdings Inc. and the blank-check company that took it public in July 2021 were so "personally hellbent on completing the merger" for their own benefit that they deceived public investors into approving it, a shareholder alleges in a new Delaware Chancery Court suit.

  3. December 06, 2023

    Battery Co. Hid Revoked DOE Grant From Investors, Suit Says

    Lithium-ion battery company Microvast Holdings Inc. was hit with a proposed class action alleging it misled investors about a revoked grant from the U.S. Department of Energy, saying the company knew the deal had fallen through months before a public announcement.