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Evergrande may sue FF for “misleading” the public

Oct 29, 2018 by The Passage Team
Evergrande may sue FF for “misleading” the public

China’s Evergrande Health is considering a suit against investee electric vehicle startup Faraday Future for allegedly “misleading” the public in response to a celebratory WeChat post by Jia Yueting claiming a “decisive victory” against its investor through arbitration.

Both parties claimed victory upon the Friday arbitration panel ruling. The arbitrator rejected Faraday Future’s request to deprive Evergrande Health its right to withhold its consent to FF’s future financing, but allowed the EV startup to proceed with financing under stringent conditions.

Evergrande is reportedly speaking to its lawyers on the issue.

Source: Technode

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