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Bankrupt EV Maker Lordstown Motors to Pay $26 Million to Settle SEC Probe

Bankrupt EV Maker Lordstown Motors to Pay $26 Million to Settle SEC Probe
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Bankrupt Lordstown Motors to Pay $26 Million to Settle SEC Probe

Bankrupt Lordstown Motors to Pay $26 Million to Settle SEC Probe
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US SEC Charges Lordstown Motors with Misleading Investors about Company's Flagship Electric Vehicle

The Securities and Exchange Commission today charged Lordstown Motors Corp. with misleading investors about the sales prospects of Lordstown s flagship electric pickup truck, the Endurance..

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Wall Street Breakfast Podcast: Fisker's Future In Doubt

Wall Street Breakfast Podcast: Fisker's Future In Doubt
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Lordstown To Pay $25M In SEC Probe Of Overhyped EVs

Bankrupt automaker Lordstown Motors Corp. has agreed to return $25.5 million to shareholders who were allegedly drawn in by false assurances that the company had secured tens of thousands of pre-orders for electric trucks that it didn't even have the parts to build, the U.S. Securities and Exchange Commission announced Thursday.

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