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EV Co.'s SPAC Suit Gets Initial OK For $1.9M Settlement

By Sydney Price ( December 7, 2023, 8:45 PM EST) -- A Colorado federal judge has granted initial approval to a $1.9 million settlement of a shareholder derivative suit on behalf of commercial electric vehicle company Lightning eMotors that alleged its executives and directors made false and misleading claims about the company's future production capacity and potential revenue....

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