EV Maker Lordstown Falls on SEC Look at Short-Seller Claims
Bloomberg 4 days ago David Welch © Bloomberg The Lordstown Motors Corp. Endurance electric pickup truck is displayed during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020. The Trump administration is counting on Lordstown Motors to salvage political capital lost when GM decided to abandon the Ohio plant last year.
(Bloomberg) Electric-truck startup Lordstown Motors Corp. fell in extended trading after reporting it received an inquiry on its operations from the Securities and Exchange Commission.
Shares of Lordstown fell as much as 7.2% to $14 before recovering somewhat after the company reported fourth-quarter results. The stock was down 25% this year through the close Wednesday in New York.
Lordstown Motors Reports Fourth Quarter and Full Year 2020 Financial Results
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ONGOING INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Lordstown Motors Corp and Encourages Investors with Losses of $100,000 to Contact the Firm
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BERWYN, Pa., March 15, 2021 /PRNewswire/ RM LAW, P.C. is investigating potential claims against the board of directors of Lordstown Motors Corp. ( Lordstown or the Company ) (NASDAQ: RIDE) investors concerning the Company s possible violations of the federal securities laws.
If you own shares of Lordstown and would like to learn more about this class action or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (844) 291-9299 or to sign up online, click here. You may also email Mr. Maniskas at [email protected].