Autonomous trucking firm Embark Expertise and members of its board of administrators have been slapped with a shareholder by-product lawsuit on Tuesday in California Northern District Court docket in reference to the corporate’s acquisition final yr by Northern Genesis Acquisition for greater than $4 billion. The suit, introduced by the Rosen Legislation Agency on behalf of Sergio Tron, contends that Embark was overvalued and accuses the defendants of submitting false and deceptive proxy statements in assist of the transaction. Counsel haven’t but appeared for the defendants. The case is 4:22-cv-08634, Tron v. Robertson et al.
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