Special to the Journal
LORDSTOWN Lordstown Motors Corp. skipped its first-half 2020 property tax payment in March, racking up a hefty penalty in doing so.
Records from the Trumbull County Auditor’s and Treasurer’s offices show the startup electric-truck manufacturer did not pay the $570,958 tax bill due March 5 for four pieces of property it owns, including the land where its assembly factory in Lordstown sits.
Because the company missed the deadline, it was assessed a 10 percent penalty that’s added to the bill.
According to parcel data with the auditor’s office, Lordstown Motors owes $424,109 for 386.6 acres it owns at 2300 Hallock Young Road, which is the location of the factory, the former General Motors assembly complex.
RIDE INVESTOR REMINDER: Kessler Topaz Meltzer & Check, LLP Announces Deadline in Securities apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
rselak@tribtoday.com
LORDSTOWN Lordstown Motors Corp. skipped its first-half 2020 property tax payment in March, racking up a hefty penalty in doing so.
Records from the Trumbull County Auditor’s and Treasurer’s offices show the startup electric-truck manufacturer did not pay the $570,957 tax bill due March 5 for four pieces of property it owns, including the land where its assembly factory in Lordstown sits.
Because the company missed the deadline, it was assessed a 10 percent penalty that’s added to the bill.
According to parcel data with the auditor’s office, Lordstown Motors owes $424,109 for 386.6 acres it owns at 2300 Hallock Young Road, which is the location of the factory, the former General Motors assembly complex.
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NEW YORK, April 26, 2021 /PRNewswire/ Pomerantz LLP announces that a class action lawsuit has been filed against Lordstown Motors Corp. ( Lordstown or the Company ) (formerly known as DiamondPeak Holdings Corp. ( DiamondPeak )) (NASDAQ: RIDE; RIDEW; DPHC) and certain of its officers. The class action, filed in the United States District Court for the Northern District of Ohio, Eastern Division, and docketed under 21-cv-00760, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Lordstown securities between August 3, 2020 and March 17, 2021, inclusive (the Class Period ). This action is brought on behalf of the Class for violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the Exchange Act ), 15 U.S.C. §§ 78j(b) and 78t(a) and Rule 10b-5 promulgated thereunder by the SEC, 17 C.F.R. § 240.10b-5.
SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Lordstown Motors Corporation of Class Action Lawsuit and Upcoming Deadline prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.