US EditionArrival Investors Seek Green Light for $13.3M Settlement in SPAC Fraud Lawsuit
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Arrival Investors Seek Green Light for $13.3M Settlement in SPAC Fraud Lawsuit
In a legal battle charged with broken promises and high-voltage ambitions, investors in bankrupt electric vehicle company Arrival SA are now asking a federal judge to sign off on a $13.3 million partial settlement, aiming to resolve claims that the EV startup duped the market with an overly polished vision during its splashy SPAC debut. The motion, filed Friday in New York federal court, marks a dramatic chapter in the downfall of a company once…
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