The law office of Brodsky & Smith announced that it is investigating potential claims against the Board of Directors of Northern Genesis Acquisition “for possible breaches of fiduciary duty and other violations of federal and state law” in connection with the SPAC’s merger agreement with The Lion Electric Company.
The investigation concerns whether the Northern Genesis Board “breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution of ownership interest in the combined company,” the law firm said in a statement. Read more.
