LORDSTOWN MOTORS CORP. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit was filed on behalf of the shareholders of Lordstown Motors Corp. in the United States District Court for the Northern District of Ohio | Ohio

NEW YORK, April 20, 2021 / PRNewswire / – Wolf Haldenstein Adler Freeman & Herz LLP, a pre-eminent national shareholder rights law firm, announces that a class action lawsuit has been filed against federal securities The United States District Court for the Northern District of Ohio on behalf of investors that Lordstown Motors Corp. bought or otherwise acquired (“Lordstown“or the” Company “) (NASDAQ: RIDE) securities between August 3, 2020 and March 17, 2021including (the “Class Period”).

Any investor who owns Lordstown Motors Corp. Purchased and suffered a loss, please contact the company immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. For more information on the action, please contact or join the case on our website www.whafh.com.

If you lose in the shares of Lordstown Motors Corp. you can do so at the latest May 17, 2021, ask the court to appoint you as the lead plaintiff of the proposed class. Please contact Wolf Haldenstein Learn more about your rights as an investor in Lordstown Motors Corp.

CLICK HERE TO JOIN CASE

Lordstown Motors Corp. fell the most in five months after the short seller Hindenburg Research (“Hindenburg”) said in a report that “Lordstown is an EV SPAC with no sales and no salable product that we believe has misled investors about both demand and production capabilities. ” Lordstown “has consistently referred to his book with 100,000 pre-orders as proof of the great demand for his planned EV truck. Our discussions with former employees, business partners and a comprehensive document review show that the company’s orders are largely fictitious.”

The company’s stock closed on March 12thThe $ 14.78 per share a decrease of over 16% compared to the previous day’s closing price of $ 17.71 per share.

Then continue March 17, 2021after the market closed, Lordstown held a call for profit to which the defendants pointed this out Lordstown had received an accounting inquiry from the US Securities and Exchange Commission (“SEC”).

After this disclosure Lordstowns Share price fell $ 2.08 per share on March 18, 2021a decrease of another 14%.

Wolf Haldenstein Adler Freeman & Herz LLP has extensive experience prosecuting class and derivative disputes in state and federal courts and appeals courts across the country. The firm has lawyers in various fields of activity; and offices in new York, Chicago and San Diego. This firm’s reputation and expertise in shareholder and other class disputes has been recognized repeatedly by the courts who have appointed them to key positions in complex securities multiple district and consolidated litigation.

If you would like to discuss this investigation or if you have any questions about your rights and interests in this matter, please contact us immediately Wolf Haldenstein by phone at (800) 575-0735, by email at classmember@whafh.com or on our website at www.whafh.com.

Contact:

Wolf Haldenstein Adler Freeman & Heart LLP

Gregory Stone, Director of Case and Financial Analysis

Kevin Cooper, Esq.

Email: gstone@whafh.com or classmember@whafh.com

Tel .: (800) 575-0735 or (212) 545-4774

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SOURCE Wolf Haldenstein Adler Freeman & Heart LLP

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