Final Approval Of $250M Settlement Granted In Electric Vehicle Securities Case

( June 1, 2026, 10:11 AM EDT) -- LOS ANGELES — A federal judge in California granted final approval to a $250 million settlement in a class action brought by investors alleging that an electric car manufacturer and certain of its executives hid the fact that they knew that the company would be selling its vehicles at a significant loss ahead of its initial public offering....