DeLorean Motors Reimagined Responds to Karma Automotive Federal Lawsuit
The federal lawsuit brought by Karma Automotive (Karma) against DeLorean Motors Reimagined (DMR) and select former employees of Karma has finally reached the stage where we can publicly respond to the misguided allegations.
- The federal lawsuit brought by Karma Automotive (Karma) against DeLorean Motors Reimagined (DMR) and select former employees of Karma has finally reached the stage where we can publicly respond to the misguided allegations.
- DMR just launched its DeLorean Alpha5 concept vehicle at the 2022 Concours d’Elegance at Pebble Beach.
- DMR and the Alpha5 have nothing to do with the Project 88 project that forms the basis of Karma’s allegations.
- There are two main allegations in this lawsuit:
The individual defendants breached their fiduciary duties to Karma.