Chancery: Faraday Future Securities Settlement Puts End to Delaware Claims

The decision, released Monday, concludes a case involving a 2021 transaction in which Property Solutions Acquisition Corp., a SPAC, agreed to a $2.7 billion business combination with then-private Faraday Future that formed Faraday Future Intelligent Electric Inc, represented in the Chancery case by Troutman Pepper Locke.

       
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