Lordstown Motors charged with misleading investors about the sales potential of its EV pickup

TechCrunch
By Sean O'KaneFeb 29, 2024, 5:21 pm274 pts
The Securities and Exchange Commission has charged bankrupt Lordstown Motors with misleading investors about the sales prospects of its Endurance electric pickup truck. Lordstown has agreed to pay $25.5 million as a result — money that the SEC says will go towards settling a number of pending class action…

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