Judge Mary Kay Vyskocil US Judge Allows EV Startup Canoo to Advance Lawsuit Against Investor
Canoo is represented by Kirkland & Ellis partner Aaron Marks, who argued in an amended complaint filed in September 2022 that DD Global owed disgorgement of $61 million in short-swing profits from transactions in 2021 and 2022.
September 21, 2023 at 05:44 PM
3 minute read
Automotive
U.S. District Judge Mary Kay Vyskocil of the Southern District of New York on Thursday allowed electric vehicle startup Canoo to move forward with a lawsuit against one of its investors, DD Global Holdings, amid a disagreement about disgorgement of "short-swing" profits that Canoo claims DD Global realized.
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