Lordstown Motors Investor Investigation
Girard Sharp is investigating potential claims on behalf of Lordstown Motors stockholders for potential violation of state and federal law based on reports that Lordstown Motors made materially misleading claims regarding concerning its business and truck preorders.
The price of Lordstown Motors stock dropped significantly after the reports were released.
If you invested in Lordstown Motors, you may have a claim for relief.
Speak with a Girard Sharp investment fraud attorney for a free consultation by calling toll-free at (866) 981-4800 or by filling out the form below:
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More Information on Lordstown Motors Investigation
Lordstown Motors is an electric-truck startup based in Ohio. A recent short-seller report released by Hindenburg Research alleged that Lordstown Motor’s order book was a “mirage,” and that the company paid an outside consulting group to create preorders ahead of its deal to go public in 2020. The Hindenburg report also claimed that Lordstown Motors was behind schedule for beginning production at its Ohio factory and had failed to disclose production delays.
Lordstown Motors responded to the report, stating that the report contained half-truths and lies and that Hindenburg Research stands to profit from declines in the company’s stock.
Following the release of this report, Lordstown Motors shares fell by 16%.
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For a free consultation about your potential claims, contact one of our investment fraud attorneys at (866) 981-4800 or by filling out the form above.