Settlement Of Shareholder Derivative Claims Against EV Maker Gets Final Approval

(April 25, 2024, 3:05 PM EDT) -- DENVER — A federal judge in Colorado granted final approval to a settlement in a shareholder derivative complaint filed by an investor who claimed that an electric vehicle manufacturer made misleading claims about its ability to scale up production following a merger, finding the settlement that includes a $1.85 million payout to be used for other legal defenses to be fair and adequate....