Judge Substantially Allows Shareholder Claims Against Battery Maker To Proceed

Mealey's (January 19, 2022, 1:57 PM EST) -- SAN FRANCISCO — A lead plaintiff in a securities class action against a developer of a “solid-state” electronic vehicle battery for the most part has sufficiently pleaded that the company and certain of its senior executives misrepresented the progress and effectiveness of their batteries in violation of federal securities law, a federal judge in California ruled Jan. 14 in denying the defendants’ motion to dismiss....