EV startup Canoo sues major investor over sketchy share sales

00:18 11.05.2022
Electric vehicle startup Canoo has filed suit against one of its largest shareholders, demanding that the firm pay back more than $61 million in “short-swing profits.” The short-swing profit rule states that company insiders, like large shareholders, must return profits realized from buying and selling securities within a period of six months. Canoo alleges that […]...
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