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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Sonic Automotive, Inc
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LAWSUITS FILED AGAINST CLOV, FUBO and ATNX - Jakubowitz Law Pursues Shareholders Claims
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BOSTON, March 16, 2021 (GLOBE NEWSWIRE) Block & Leviton LLP (www.blockleviton.com), a national securities litigation firm, reminds shareholders it is investigating Lordstown Motors Corp. (NASDAQ: RIDE) for potential violations of the federal securities laws. Before the markets opened on March 12, 2021, analyst Hindenburg Research published a scathing report on the electric light duty truck manufacturer entitled “The Lordstown Motors Mirage: Fake Orders, Undisclosed Production Hurdles, and a Prototype Inferno.” According to Hindenburg, the company’s claimed 100,000 pre-orders for its EV truck are “largely fictitious and used as a prop to raise capital and confer legitimacy.” Hindenburg further cites significant, undisclosed production delays and a prototype that “burst into flames 10 minutes before the test drive” in January 2021, substantiating claims by former employees that the company is not conducting the needed testing or val
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