Lordstown Motors Endurance

Lordstown Motors Hit with Class Action Lawsuit

YOUNGSTOWN, Ohio – A class action lawsuit filed in U.S. District Court Thursday alleges electric-vehicle startup Lordstown Motors Corp. made “materially false and misleading statements” that convinced investors to purchase the company’s stock at “artificially inflated prices” after it announced a merger with DiamondPeak Holdings Corp. in August. The action, filed in the U.S. District Court for the Northern District of Ohio, names the company, its CEO Steve Burns, President Rich Sc

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