Auto Maker, Execs Seek Dismissal Of Stock-Drop Claims In Securities Suit

(April 15, 2022, 11:21 AM EDT) -- PHOENIX — Dismissal of federal securities law claims against a zero-emissions automobile manufacturer and others stemming from the defendants’ alleged misrepresentations pertaining to the financial health and prospects of the company is necessary because the lead plaintiffs have failed to sufficiently plead any of the necessary elements of their federal securities law claims, the company and several of its senior executives argue in an April 8 motion to dismiss filed in Arizona federal court....