Class Action Lawsuit vs Lordstown Motors Corp. (RIDEQ)

Allegations

According to the complaint, defendants repeatedly made and/or caused Lordstown to make false and/or misleading statements about Lordstown's relationship with Hon Hai Technology Group ("Foxconn") suggesting, or in some instances, representing that Foxconn was working cooperatively with Lordstown when in fact, the partnership had stalled soon after the execution of a joint venture agreement and quickly soured.

Eligibility

In order to be included in the lawsuit, you must have incurred a loss on shares of Lordstown, either: A) purchased or acquired during the class period listed above, if applicable; or B) pursuant to the Initial Public Offering (IPO) of Lordstown, if applicable.

Lead Plaintiff Deadline

If you suffered a loss in Lordstown during the relevant time frame, or pursuant to Lordstown's IPO if listed above, you have until September 25, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.