💨 Abstract
Judge Brendan Shannon has approved the sale of bankrupt EV startup Canoo's assets to its CEO Anthony Aquila for around $4 million in cash. The sale was contested by several parties, including electric truck startup Harbinger, which claimed Canoo was hiding assets. The outcome of a lawsuit between Canoo and Harbinger, regarding alleged trade secret misappropriation, is a central issue in the sale.
Courtesy: techcrunch.com
Summarized by Einstein Beta 🤖
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