dskolnick@tribtoday.com
LORDSTOWN Lordstown Motors Corp. faces another class action investor lawsuit, this one like the previous two alleging the company misled investors regarding preorders for its battery-powered truck, the Endurance.
The latest lawsuit by investor Sulayman Zuod also names company founder / CEO, Steve Burns; Rich Schmidt, president; Julio Rodriguez, chief financial officer; and Michael Fabian, director of stamping operations.
It also claims they were part of a scheme to deceive the stock market and through their conduct, caused the price of Lordstown Motors stock to be artificially inflated, allowing several top executives, including Schmidt and Rodriguez, to make a tremendous amount of money when they sold off their personal shares.
RIDE Reminder: Kessler Topaz Meltzer & Check, LLP - Deadline Reminder in Securities Fraud Class Action Lawsuit with Expanded Class Period for Lordstown Motors Corp Investors benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
rselak@tribtoday.com
LORDSTOWN Lordstown Motors Corp. faces another class-action investor lawsuit, this one like the previous two alleging the company misled investors regarding preorders for its battery-powered truck, the Endurance.
The latest lawsuit by investor Sulayman Zuod also names company founder / CEO, Steve Burns; Rich Schmidt, president; Julio Rodriguez, chief financial officer; and Michael Fabian, director of stamping operations.
It also claims they were part of a scheme to deceive the stock market and through their conduct, caused the price of Lordstown Motors stock to be artificially inflated, allowing several top executives, including Schmidt and Rodriguez, to make a tremendous amount of money when they sold off their personal shares.
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RADNOR, Pa., April 4, 2021 /PRNewswire/ The law firm of Kessler Topaz Meltzer & Check, LLP reminds investors that a securities fraud class action lawsuit has been filed against Lordstown Motors Corp. (NASDAQ: RIDE) ( Lordstown ) f/k/a DiamondPeak Holdings Corp. (NASDAQ: DPHC) ( DiamondPeak ) on behalf of those who purchased or acquired Lordstown securities
between August 3, 2020 and March 17, 2021, inclusive (the Class Period ).
Deadline Reminder: Investors who purchased or acquired Lordstown securities
during the Class Period may,
no later than May 17, 2021, seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this litigation please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453 or Adrienne Bell, Esq. (484) 270-1435; toll free at (844) 887-9500; via e-mail atinfo@ktmc.com;