Lordstown Motors’ ousted CEO settles with SEC for misleading investors

TechCrunch
By Kirsten KorosecMar 22, 2024, 5:33 pm280 pts
Steve Burns, the ousted founder, chairman and CEO of bankrupt EV startup Lordstown Motors, has settled with the U.S. Securities and Exchange Commission over misleading investors about demand for the company’s flagship all-electric Endurance pickup truck. Burns was ordered to pay a civil fine of $175,000 and…

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