Latest Breaking News On - Investors in workhorse group inc - Page 1 : vimarsana.com

Investors in Workhorse Group Inc. allege in a lawsuit that executives there made misleading and false statements concerning the company’s bid to secure a multibillion contract to build the U.S. Postal Service’s next-gen delivery truck. And on Tuesday, U.S. Rep. Tim Ryan doubled-down on his previous urging of President Joe Biden to halt the more than $6 billion contract award to a Wisconsin-based company until a review is complete. The class-action complaint filed in federal court in central California claims Workhorse CEO Duane Hughes and Chief Financial Officer Steve Schrader misrepresented the company in media interviews and failed to disclose the company was “merely hoping” the postal service would pick an electric vehicle and had “no assurance or indication” from the postal service that was the case.

United statesSherrod brownSteve schraderJared huffmanDuane hughesJoe bidenLouis dejoyMarcy kapturTim ryanInvestors in workhorse group incUs postal serviceOshkosh corpWorkhorse group incUs international trade commissionExchange commissionBrilliant cleaning service