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SPAC Investors Sue In Del. Over 'Unfair' Electric Vehicle Deal

By Leslie A. Pappas ( October 17, 2022, 8:03 PM EDT) -- Investors in a blank-check company that took a Michigan-based electric vehicle maker public in a $1.4 billion deal that ended in bankruptcy a year later have sued in Delaware's Court of Chancery, asserting multiple breaches of fiduciary duty in connection with the allegedly unfair, overpriced deal....

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