Message :
Required fields
May 11 (Reuters) - Electric pickup truck maker Lordstown
Motors Corp said on Tuesday it would restate its
previously issued 2020 consolidated financial statements, citing
recent guidance from the U.S. Securities and Exchange Commission
on accounting by special purpose acquisition companies.
The regulator in April issued guidance which called into
question whether warrants issued by hundreds of SPACs could be
considered equity instruments. The guidance suggests that many
SPACs may have to refile their financial statements to account
for the warrants as a liability.
The SEC in March had asked Lordstown for information related
to its merger with blank-check company DiamondPeak Holdings and
Share:
NEW ORLEANS, May 10, 2021 (GLOBE NEWSWIRE) Kahn Swick & Foti, LLC ( KSF ) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors of pending deadlines in the following securities class action lawsuits:
Lordstown Motors Corp. (RIDE)
Lead Plaintiff Motion Deadline: May 17, 2021
SECURITIES FRAUD
CytoDyn, Inc. (CYDY)
Lead Plaintiff Motion Deadline: May 17, 2021
SECURITIES FRAUD
Root, Inc. (ROOT)
Class Period: 10/28/2020 - 3/8/2021, or shares issued pursuant and/or traceable to the October 2020 Initial Public Offering
Lead Plaintiff Motion Deadline: May 18, 2021
SECURITIES FRAUD, MISLEADING PROSPECTUS
Vroom, Inc. (VRM)
Lead Plaintiff Motion Deadline: May 21, 2021
SECURITIES FRAUD
If you purchased shares of the above companies and would like to discuss your legal rights and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner, Lewis Kahn, toll-free at 1-877-515
Share:
LOS ANGELES, May 10, 2021 (GLOBE NEWSWIRE) The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies. Investors have until the deadlines listed below to file a lead plaintiff motion.
Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to fcruz@frankcruzlaw.com.
Neptune Wellness Solutions Inc. (NASDAQ:NEPT)
Class Period: July 24, 2019 – February 16, 2021
Lead Plaintiff Deadline:
May 17, 2021
The complaint filed alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) the cost of Neptune s integration of t
Production ramp-up pains continue as Workhorse loses $120.5M in Q1
0 352 4 minutes read Workhorse Group lost $120.5 million in the first quarter as it delivered six trucks. (Photo: Workhorse)
Workhorse Group (NASDAQ: WKHS) continued to struggle in ramping production of its composite-body electric delivery vans, delivering just six units in Q1.
But the Cincinnati-based company said it has built 38 of its C-Series vans so far this year, most of those in April. Parts shortages and delivery uncertainty led to a downward revision in trucks Workhorse expects to build this year to 1,000 from 1,800.
“Bottlenecks within the global supply chain and offshore shipping delays of commodity raw materials and components as well as our initial stages of production limited our capacity to produce in the first quarter,” Workhorse CEO Duane Hughes said in a press release.
Home / Top News / Deadline Alert: Kessler Topaz Meltzer & Check, LLP Alerts Investors of Lead Plaintiff Deadline in Securities Fraud Class Action Lawsuit Against Lordstown Motors Corp.
Deadline Alert: Kessler Topaz Meltzer & Check, LLP Alerts Investors of Lead Plaintiff Deadline in Securities Fraud Class Action Lawsuit Against Lordstown Motors Corp.
RADNOR, Pa., May 09, 2021 (GLOBE NEWSWIRE) The law firm of Kessler Topaz Meltzer & Check, LLP reminds investors that a securities fraud class action lawsuit has been filed in the United States District Court for the Northern District of Ohio 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