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EV Startup Faraday Future Receives DOJ Request Amid SEC Probe

June 9, 2022, 8:48 PM

Faraday Future Intelligent Electric Inc. said it has received a “preliminary request for information” from the US Department of Justice, several months after securities regulators opened an investigation of the electric-vehicle startup.

The company received the request this month from the DOJ in connection with matters the Securities and Exchange Commission is already looking into, according to a regulatory filing Thursday. Faraday said it’s “in the process of responding to, and intends to fully cooperate with, such request.”

Faraday had previously conducted its own inquiry into false representations made by executives to investors around its 2021 merger with a special ...