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Lordstown Motors to pay $25M in SEC settlement over misleading investor claims

Friday March 1, 2024. 06:44 PM , from TheRegister
Feds allege EV maker talked up pre-orders for trucks it didn't have parts for
Bankrupt electric truck maker Lordstown Motors Corp will have to pay out $25 million to shareholders, settling SEC claims it misled investors and broke anti-fraud and reporting rules in US federal securities laws.…
Read more at TheRegister
https://go.theregister.com/feed/www.theregister.com/2024/03/01/lordstown_sec_settlement/

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