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OverviewAPI
Proterra Inc. faces a class action lawsuit from a shareholder, accusing the company of misleading investors about its financial stability and economic viability. The CFO had claimed a strong financial position, but the company later revealed a net loss of $81 million and a gross loss of $20.3 million for the fourth quarter of 2022, leading to a 53% stock price drop. Shareholders have until September 12, 2023, to join the class action.

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