Faraday Future Intelligent Electric Inc. affiliates prevailed Monday against a challenge to the company’s blank-check merger thanks to a related earlier settlement that bought them “global peace.”
A Delaware judge threw out the case, granting summary judgment to the electric vehicle startup and architects of the transaction that took it public by combining it with a shell company. Faraday founder Jia Yueting, an exiled Chinese tycoon, wasn’t directly involved in the court fight, but the lawsuit did target an entity affiliated with his nephew.
The dispute stemmed from the broader legal and financial woes that have plagued the once-promising ...
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