Page 8 - Erich Schmidt News Today : Breaking News, Live Updates & Top Stories | Vimarsana

rselak@tribtoday.com LORDSTOWN — A West Coast maker of luxury electric cars that accused Lordstown Motors Corp. of corporate espionage in a lawsuit has amended its complaint, alleging a widespread conspiracy to raid the company of its confidential and proprietary information. Irvine, Calif.-based Karma Automotive LLC accuses Lordstown Motors, some of its top executives and former employees of Karma now employed at Lordstown Motors of violating U.S. racketeering law. Two counts in the 28-count lawsuit, Karma claims, violate the Racketeer Influenced and Corrupt Organizations (RICO) Act, accor...

LORDSTOWN — A fourth investor in Lordstown Motors Corp. has sued the company, claiming, like the others that have taken the electric truck startup to cour

LORDSTOWN — A fourth investor in Lordstown Motors Corp. has sued the company, claiming, like the others that have taken the electric-truck startup to court, t

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 stoc...

LORDSTOWN — Lordstown Motors Corp. faces another class-action investor lawsuit, this one — like the previous two — alleging the company misled investors r