sued
The derivative suit adds to Canoo’s mounting legal woes. The company faces at least three proposed class actions in a California federal court that claim securities fraud for making false and misleading statements related to the merger. The suing shareholder also said that Canoo’s public statements highlighted an agreement with Hyundai Motor Group to co-develop an electric vehicle platform in the future, when that agreement had been put “on hold” before the merger, according to the complaint.
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