The SEC wants $45 million from bankrupt Lordstown Motors

TechCrunch
By Sean O'KaneJan 10, 2024, 1:25 pm180 pts
Bankrupt EV startup Lordstown Motors could be on the hook for $45 million for violating federal securities laws. The Securities and Exchange Commission filed a claim for that amount in Lordstown Motors’ Chapter 11 bankruptcy proceedings last week, though the startup says it is still engaged in settlement…

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