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Financial Adviser Wants Faraday To Pay Its Fees In Del. Suit

Law 360 M&A

Riverside Management Group LLC wants the Delaware Chancery Court to order Faraday Future Intelligent Electric Inc. cover its legal costs in connection with a lawsuit over a 2021 merger with a special purpose acquisition company that took the electric vehicle company public.

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Faraday Investors Sue For Board Change In Two Del. Suits

Law 360 M&A

Shareholders in electric-car maker Faraday Future Intelligent Electric Inc. filed separate suits in Delaware's Chancery Court on Monday seeking in one case to compel an annual shareholder meeting to elect directors and in the other to remove two board members for allegedly driving the company into the ground.

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Faraday Hit With 2nd Suit Alleging Merger Disclosure Failures

Law 360 M&A

Another shareholder of a special-purpose acquisition company that took electric vehicle startup Faraday Future Intelligent Electric Inc.

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