Magellan Financial has a curious connection to rolling Magnis Energy disaster

alleging there had been disclosure failures when it came to the company’s plans for a big electric vehicle battery plant in New York

Magnis has long been a lightning rod for investors. Shares jumped to over 70¢ in 2021, and the company found itself with an array of supporters from John Hancock to former Macquarie property banker Bill Moss, who wanted to jointly develop a battery plant in Queensland.has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories.

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