Published October 25, 2023
On October 23, 2023, Judge Beth Labson Freeman of the the United States District Court for the Northern District of California ruled on six motions made by shareholders seeking to act as lead plaintiff in a securities fraud action against Proterra, Inc.. Judge Freeman consolidated two cases alleging the same wrongdoing by Proterra into the case captioned Villanueva v. Proterra Inc., No. 23-3519. She further denied five of the lead plaintiff motions and granted that of movant Cyress Jam, appointing him Lead Plaintiff. Cyress Jam selected Levi & Korsinsky to represent himself and the class. Judge Freeman approved Levi & Korsinsky as Lead Counsel in the consolidated class action lawsuit, and we look forward to aggressively litigating the case for the benefit of shareholders.
A copy of the order can be viewed here.