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EV Startup Says California Settlement Covers Stockholder Suit

By Jeff Montgomery ( May 10, 2024, 9:13 PM EDT) -- Backers of a transaction that took electric vehicle startup Faraday Future Intelligent Electric Inc. public with a $1 billion value in 2021 have asked Delaware's Court of Chancery to block discovery in a stockholder challenge to the deal, citing pending settlement of a similar federal action in California....

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