Judge Certifies Class In Securities Case Brought Against Electric Vehicle Maker

(July 23, 2024, 3:37 PM EDT) -- LOS ANGELES — A federal judge in California granted a motion for class certification filed by investors who say an electric car manufacturer and certain of its executives hid from investors that the company knew that it would be selling its vehicles at a significant loss ahead of its initial public offering (IPO), finding that the investors had satisfied all four requirements for class certification....