Lordstown To Pay $25M In SEC Probe Of Overhyped EVs

By Jessica Corso (February 29, 2024, 8:53 PM EST) -- Bankrupt automaker Lordstown Motors Corp. has agreed to return $25.5 million to shareholders who were allegedly drawn in by false assurances that the company had secured tens of thousands of pre-orders for electric trucks that it didn't even have the parts to build, the U.S. Securities and Exchange Commission announced Thursday....

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