Investors Can Still File Late Claims for Lordstown Motors $10M Settlement Payouts

Court: N.D. Ohio

Case: 4:21-cv-00616

Investors can still file a late claim to receive payment from the $10M Lordstown Motors NRDE; $RIDE) settlement.

What is this settlement?

On March 12, 2021, Hindenburg Research published a report accusing Lordstown Motors of fabricating pre-orders and facing significant issues with the Endurance prototype. Following this news, $RIDE fell by over 16%. On March 17, 2021, Lordstown Motors' CEO disclosed an SEC inquiry during an earnings call, leading to a further 13% drop in $RIDE.

Following this, Lordstown Motors was sued by shareholders and has agreed to resolve the allegations by paying investors up to $10M.

What can you do to recover your losses now?

You can submit your claim and be notified of any further updates.

More than 100 companies are currently paying out settlements. Connect your brokerage account to automatically check which ones you may have missed.