Roadzen Inc. Files Multi-Million Dollar Lawsuit Against Meteora for Breach of Contract to the Terms of the Forward Purchase Agreement

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NEW YORK, April 21, 2025 (GLOBE NEWSWIRE) -- Roadzen Inc.(Nasdaq: RDZN) ("Roadzen" or the "Company"), a global leader in AI-driven mobility and insurance technology, announced today that it has filed a lawsuit in Florida against Meteora Capital Partners, LP ("Meteora”) and affiliated entities, alleging willful breach of contract and conduct that has damaged Roadzen and its public market value.

This isn’t just about a contractual dispute — it’s about holding parties accountable for their actions.” According to the complaint, Meteora continued to offload shares while making misleading statements about their ownership to avoid paying what was contractually owed to Roadzen.

Such statements include, but are not limited to, statements regarding Roadzen’s plans to pursue the lawsuit against Meteora described above, and the potential outcomes of such litigation, as well as all other statements other than statements of historical fact included in this press release.

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Author / Journalist: Roadzen Inc.

Category: Technology

Markets: ChinaIndia

Topics: Nasdaq:RDZN VGG7606H1082

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-21 @ 14:01:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 824 words

Reading Time: 5 minutes read

Sentences: 28 lines

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Copyright Owner: © GlobeNewswire

News ID: 28101092

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