Wolf Haldenstein Adler Freeman & Herz LLP notifies investors that a securities class action lawsuit was filed on behalf of the shareholders of Lordstown Motors Corp.
LEAD PLAINTIFF FILING DEADLINE IS MAY 17, 2021
NEW YORK, March 19, 2021 (GLOBE NEWSWIRE) — Wolf Haldenstein Adler Freeman & Herz LLP, a pre-eminent national shareholder rights law firm, announces that a class action lawsuit has been filed in the U.S. District Court for the Northern District of Ohio on behalf of investors securities of Lordstown Motors Corp. issued between August 3, 2020 and March 17, 2021 (including the “Class Period”). (“Lordstown” or the “Company”) (NASDAQ: RIDE) or otherwise acquired. ).
Any investor who owns Lordstown Motors Corp. Purchased and suffered a loss, please contact the company immediately at firstname.lastname@example.org 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 request that the court appoint you as the lead plaintiff in the proposed class by May 17, 2021 at the latest. Please contact Wolf Haldenstein to learn more about your rights as an investor in Lordstown Motors Corp. to experience.
CLICK HERE TO JOIN CASE
Lordstown Motors Corp. fell the most in five months after short seller Hindenburg Research (“Hindenburg”) said in a report that “Lordstown is an electric vehicle SPAC with no sales and no salable product that we believe has misled investors has both its demand and its production capabilities. “According to Hindenburg, Lordstown” consistently referred to his book of 100,000 pre-orders to demonstrate 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 at $ 14.78 per share on March 12, a decrease of over 16% from the previous day’s closing price of $ 17.71 per share.
Subsequently, on March 17, 2021, after the market closed, Lordstown held a profit call, on which the defendants announced that Lordstown had received an accounting inquiry from the US Securities and Exchange Commission.
Following that disclosure, Lordstown’s stock price fell $ 2.08 per share on March 18, 2021, down 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 have questions about your rights and interests in this matter, please contact Wolf Haldenstein immediately at (800) 575-0735, by email at email@example.com, or visit our website on www.whafh.com.
Wolf Haldenstein Adler Freeman & Herz LLP
Gregory Stone, director of case and financial analysis
Kevin Cooper, Esq.
Email: firstname.lastname@example.org or email@example.com
Tel .: (800) 575-0735 or (212) 545-4774
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