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Home » Bankrupt Lordstown says it’s held confidential settlement talks with SEC

Bankrupt Lordstown says it’s held confidential settlement talks with SEC

SEC investigation could result in civil claims

Bloomberg NewsbyBloomberg News
June 29, 2023
in Capital & Funding
Reading Time: 2 mins read
0
Lordstown headquarters in Ohio

© 2023 Bloomberg L.P.

Bankrupt Lordstown Motors Corp. has had confidential settlement talks with the US Securities and Exchange Commission, which has previously inquired about whether the electric vehicle startup misled investors in relation to its merger with a blank-check company when it went public in 2020. Lordstown lawyer Thomas Lauria said during the company’s debut bankruptcy hearing in Delaware Wednesday […]

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Tags: electric vehiclesPremiumSecurities and Exchange Commission
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