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U.S. federal prosecutors investigating Lordstown Motors 07/15/2021 23:26 (Reuters) - Lordstown Motors Corp said federal prosecutors in Manhattan are investigating the electric-truck maker s vehicle pre-orders and its merger with blank-check company DiamondPeak Holdings. The U.S. Securities and Exchange Commission had earlier asked the electric pickup truck maker to produce documents and information related to its merger and pre-orders.(https://bit.ly/3B5gwWe) In March, shares of the company slumped after investment research firm Hindenburg Research said Lordstown had misled consumers and investors about pre-orders worth $1.4 billion for its Endurance truck. An internal investigation into Hindenburg s claims in June acknowledged that Lordstown had overstated the quality of pre-orders for its electric trucks.

Chavi mehtaDevika syamnathExchange commissionLordstown motors corpDiamondpeak holdingsHindenburg researchMotors corpசவி மேத்தாபரிமாற்றம் தரகுலார்ட்ஸ்டவுன் மோட்டார்கள் கார்ப்டயமண்ட்பீக் ஹோல்டிங்ஸ்ஹிண்டன்பர்க் ஆராய்ச்சிமோட்டார்கள் கார்ப்