Mealey's (April 5, 2023, 9:04 AM EDT) -- NEW YORK — Shareholders in a class action lawsuit against a consignment-to-retail used vehicle marketplace operator and others who allege that the defendants misrepresented the company’s business model in violation of federal securities laws lack standing to bring their claims against the defendants for any statements made prior to the company’s merger with a special purpose acquisition company (SPAC) because the shareholders did not own the company’s stock before the merger, a federal judge in New York ruled....