The lawsuit stems from a Forward Purchase Agreement (FPA) signed in August 2023, under which, as stated in the complaint, Meteora acquired 5 million shares in Roadzen at effectively a zero-cost basis.

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Roadzen further notes that Meteora’s position is that it owes $914,726.53 pursuant to the terms of the Forward Purchase Agreement — an amount the company rejected, citing breach of contract ...

The Office of the Lieutenant Governor has hired private legal counsel instead of having an attorney on staff. The firm is run by fellow members of his church.

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