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EV Co. Investors Get Final OK Of $13.3M Deal, Atty Fees
By Emilie Ruscoe
Investors in bankrupt electric vehicle company Arrival have gotten final approval for their nearly $13.3 million deal ending claims the company touted a purportedly profitable business plan as it went public via merger with a special purpose acquisition company only to scale back its projections within a year of the merger announcement.
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TRUCKING
Volvo Accused Of Infringing LED Headlight, GPS System Tech
By Gina Kim
Volvo, Mack Trucks and other subsidiaries were sued in Texas federal court Monday by Longhorn Automotive Group, alleging they ripped off multiple patents covering connectivity systems, LED headlights, mobile apps and data storage in GPS and infotainment systems found in the defendants' products, including Volvo's flagship long-hauler sleeper truck.
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