DIRECT SALES LAWSUIT UPDATE

Yesterday, IADA received a copy of the Opinion dismissing IADA’s direct sale lawsuit against SOS, Rivian, and Lucid.  Disappointingly, after sitting on all of the parties’ various motions for over a year and after admitting less than a week ago that the matter had slipped through the cracks, the judge issued an order dismissing the lawsuit without providing the opportunity for oral argument.  The order was brief and contained little analysis. IADA staff has had a preliminary meeting with outside counsel to consider our appeal options.  Staff and outside counsel will discuss with the IADA Executive Committee shortly after the holidays.