Lightning Emotors Got Into Confidential Settlement Agreement And Mutual Release With Ematrix Energy Systems And Linamar Corporation; Settlement Agreement Settles All Claims Asserted Or That Could Have Been Asserted In Action By Ematrix Against Company
Portfolio Pulse from Benzinga Newsdesk
Lightning eMotors has entered into a confidential settlement agreement and mutual release with eMatrix Energy Systems and Linamar Corporation. The agreement settles all claims that could have been asserted in action by eMatrix against the company.
July 27, 2023 | 1:22 pm
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Lightning eMotors (ZEV) has settled all potential legal claims with eMatrix Energy Systems and Linamar Corporation, which could potentially reduce legal expenses and uncertainty for the company.
The settlement agreement removes potential legal risks and associated costs for Lightning eMotors. This could be seen as a positive development by investors, potentially leading to a short-term increase in the company's stock price.
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