1. Harbinger objects to Canoo's asset sale to its CEO. 2. Claims include hidden assets and unfair sale process favoring Aquila. 3. Ongoing legal issues stem from former employees' trade secret dispute. 4. Canoo's asset purchase includes interest in potential Harbinger settlement. 5. Potential violation of Department of Justice's Chapter 7 trustee guidelines.
The ongoing bankruptcy issues with Canoo create uncertainty in the EV market. Similar past situations showed volatility but did not significantly alter stock trajectories.
The article highlights significant legal disputes impacting Canoo, which could trickle down to GOEV. Given the complexity of assets involved, this uncertainty may deter investor confidence.
Immediate effects may arise from legal disputes but are unlikely to persist long-term. For instance, pending litigation outcomes will quickly influence asset values.