Law360 (April 5, 2021, 9:26 PM EDT) — Within the midst of its $2.4 billion merger with blank-check firm Hennessy Capital, electrical automobile maker Canoo waited till after the market closed to inform traders it was altering its enterprise focus, inflicting its inventory to plummet, in line with a proposed class motion filed Friday in California federal court docket.

In December, Los Angeles-based Canoo Holdings Ltd. went public in a merger with Hennessy Capital Acquisition Corp., however did not inform traders it was turning its focus away from the plan to promote autos by means of a subscription mannequin and that it was de-emphasizing its engineering companies enterprise, in line with the grievance filed by…

Keep forward of the curve

Within the authorized occupation, data is the important thing to success. It’s important to know what’s occurring with purchasers, opponents, follow areas, and industries. Law360 supplies the intelligence you have to stay an skilled and beat the competitors.

  • Entry to case knowledge inside articles (numbers, filings, courts, nature of go well with, and extra.)
  • Entry to connected paperwork similar to briefs, petitions, complaints, choices, motions, and so forth.
  • Create customized alerts for particular article and case matters and a lot extra!