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Lawsuit claims Lordstown Motors execs presented 'unrealistically positive assessment' of business

Lawsuit claims Lordstown Motors execs presented 'unrealistically positive assessment' of business
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Who's to Blame? Failing Business or Foxconn?

LMC has retained some of the best legal talent in the Chapter 11 bankruptcy business, and it will need to be on full display July 28. ....

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Bankruptcy Judge OKs LMC Motions – and Exception Raised by Foxconn - Business Journal Daily

Bankruptcy Judge OKs LMC Motions – and Exception Raised by Foxconn - Business Journal Daily
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Lordstown Receives Approval of First Day Motions

Lordstown Motors Corp. (Nasdaq: RIDE), ("Lordstown" or the "Company"), today announced that the United States Bankruptcy Court for the District of Delaware (the "Court") entered orders (or indicated it would enter orders) granting approval, on an interim or final basis (as applicable to the requested relief), of all of the Company's "first day" motions filed in its chapter 11 cases (the "Chapter 11 Cases") on June 27, 2023 (the "Petition Date"). ....

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Lordstown Motors to Lay Off Nearly 100 at Michigan Tech Centers

Lordstown Motors Corp. will begin permanent layoffs of approximately 100 employees next month at its tech centers in Michigan. ....

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