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Proterra files for Chapter 11

Green Car Congress

Proterra has voluntarily filed for protection under Chapter 11 of the US Bankruptcy Code in the District of Delaware in an effort to strengthen its financial position through a recapitalization or going-concern sale. As a result of the filing, Proterra cancelled its scheduled earnings conference call on Wednesday.

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Elon Musk tells Twitter to turn over names of workers calculating bot users

Teslarati

Tesla CEO Elon Musk’s legal team has alleged that Twitter is hiding the names of workers calculating bot users. Musk’s legal team has submitted a letter to Delaware Chancery Court Judge Kathaleen St. Twitter has so far not issued a statement about the recent filing from Musk’s legal team. per share. . per share. .

Legal 143
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California gas vehicle ban faces pushback from 17 states

Teslarati

17 States have filed a lawsuit with the Federal Court of Appeals, suing to prevent California from banning new ICE vehicle sales after 2035. California’s Air Resources Board (CARB) is expected to ban the sale of new ICE vehicles after 2035 tomorrow, but 17 State Attorney Generals have sued in federal court to block the move.

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Lordstown Motors files for Chapter 11, sues Foxconn; selling off Endurance electric pickup

Green Car Congress

Lordstown is commencing a comprehensive marketing and sale process for the Endurance electric pickup and related assets. Jefferies is acting as financial advisor to the Company, and White & Case LLP is acting as legal counsel.

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Fisker Focuses On Karma Sales, Delaware Factory In Hibernation

Green Car Reports

Beset by delays, recalls and even a legal case from an irate investor, Fisker hit a low point in February when it was forced to lay off workers after missing deadlines associated with much-needed U.S. For Fisker Automotive, the last twelve months haven’t been exactly easy. Department of Energy low-interest advanced-technology vehicle.

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Twitter urges shareholders to approve $44bn Musk buyout

Teslarati

Elon Musk’s legal team calls out Twitter over alleged pretrial delays. Company Chairman Bret Taylor said, “The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement. I’d love to hear from you!

Legal 94
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EV maker CODA files for Chap. 11 bankruptcy; restructuring business around energy storage

Green Car Congress

has filed a voluntary petition under Chapter 11 in the US Bankruptcy Court, District of Delaware (Petition Nº 13-11153) to enable the reorganization of its business solely around energy storage based on its Li-ion battery systems. This process is intended to enable CODA to complete a sale, to confirm a plan and to emerge from bankruptcy.