Lordstown Lawsuit Loss Submission Form

The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Lordstown Motors Corp. (OTC: RIDEQ) who purchased securities between August 4, 2022 and June 26, 2023. The action, which was filed in the United States District Court for the Northern District of Ohio, alleges that the Company violated federal securities laws.

According to the complaint, defendants repeatedly made and/or caused Lordstown to make false and/or misleading statements about Lordstown’s relationship with Hon Hai Technology Group (“Foxconn”) suggesting, or in some instances, representing that Foxconn was working cooperatively with Lordstown when in fact, the partnership had stalled soon after the execution of a joint venture agreement and quickly soured.

Shareholders have until September 25, 2023 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.

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