CarLotz Judge Likely to Nix Objections to $13 Million Settlement

The federal judge overseeing CarLotz Inc. investors’ case against the company said Wednesday that he intends to overrule a pair of objections to a $13 million settlement and finalize the deal.

But first, the objectors will have another chance to chime in, Judge Arun Subramanian said. The objectors must submit any additional material by close of business Thursday, Subramanian said for the US District Court for the Southern District of New York.

• The investors claimed that CarLotz misled them when it went public through a merger with a special purpose acquisition company, touting a low-asset, low-risk business model even though ...