{"id":457872,"date":"2021-03-15T12:35:12","date_gmt":"2021-03-15T16:35:12","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=457872"},"modified":"2021-03-15T12:35:12","modified_gmt":"2021-03-15T16:35:12","slug":"kessler-topaz-meltzer-check-llp-announces-investigation-of-securities-fraud-claims-on-behalf-of-lordstown-motors-corp-ride-investors","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/kessler-topaz-meltzer-check-llp-announces-investigation-of-securities-fraud-claims-on-behalf-of-lordstown-motors-corp-ride-investors\/","title":{"rendered":"Kessler Topaz Meltzer &amp; Check, LLP Announces Investigation of Securities Fraud Claims on Behalf of Lordstown Motors Corp. (RIDE) Investors"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">RADNOR, Pa., March  15, 2021  (GLOBE NEWSWIRE) &#8212; The law firm of Kessler Topaz Meltzer &amp; Check, LLP is currently investigating potential violations of the federal securities laws on behalf of shareholders of Lordstown Motors Corp. (\u201cLordstown\u201d) (NASDAQ: RIDE).\u00a0\u00a0<\/p>\n<p align=\"justify\">Lordstown is an automobile manufacturer of electric vehicles.<\/p>\n<p align=\"justify\">On March 12, 2021, Hindenburg Research, LLC published a report entitled: \u201cThe Lordstown Motors Mirage: Fake Orders, Undisclosed Production Hurdles, And A Prototype Inferno.\u201d The report stated that \u201cLordstown is an electric vehicle SPAC with no revenue and no sellable product, which we believe has misled investors on both its demand and production capabilities.\u201d The report also stated that \u201cconversations with former employees, business partners and an extensive document review show that the company\u2019s orders are largely fictitious and used as a prop to raise capital and confer legitimacy.\u201d<\/p>\n<p align=\"justify\">Following this news, Lordstown\u2019s stock price is down over 16% from its March 11, 2021 closing price of $17.71.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em>If you are a Lordstown investor and would like to learn more about our investigation, please contact Kessler Topaz Meltzer &amp; Check, LLP: James Maro, Esq. (484) 270-1453 or Adrienne Bell, Esq. (484) 270-1435; toll free at (844) 887-9500; via e-mail at info@ktmc.com; or please visit<\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em>the following link<\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em>to fill out our online form<\/em><br \/>\n        <\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=K_STD2t8eSjIlFlX-vu-4nOhIcuYrc_ZAWhyMS1ST3xtKmQOFM93iPP6hIn2B074hY67CzLrYTd6S8uwqsNgCRVeaEtj1VWAJG9PcSw4qRoBtS3MFQ2ln8zlbcbjHYR_FHDt91NCKwGwXlakgQrpA3QrtZBNTlvxhk7emzB_BxUnvIGn0xm5tDDbcq5GqUHPa9hjySPmqLq3qRHtAJ3UjvGtSjRk8L2UvuVrJTI3OROjMI--qZw6ZEutoEq8YmEbIZ94oVuaSXAUL29_QkEODSVQUSNvpB68Ary0RRX42H_wGfVzcQJPkpuJ-fNqz4cPyvi36-G06pjSeorHZyi2aw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.ktmc.com\/lordstown-motors-corp-investigation?utm_source=PR&amp;utm_medium=link&amp;utm_campaign=lordstown<\/a>.<\/p>\n<p align=\"justify\">Kessler Topaz Meltzer &amp; Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer &amp; Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. \u00a0The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars).\u00a0 For more information about Kessler Topaz Meltzer &amp; Check, LLP, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=z9IIfYFA_1injuQh6Mx0eM9HNbPKgAPlSwbzIdCTmi9hdbtRZ7CMDbvqDCIhGh3Tz3VrvIw9T-DbC070larlJA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.ktmc.com<\/u><\/a>.<\/p>\n<p>CONTACT:<\/p>\n<p>Kessler Topaz Meltzer &amp; Check, LLP<br \/>James Maro, Jr., Esq.<br \/>Adrienne Bell, Esq.<br \/>280 King of Prussia Road<br \/>Radnor, PA 19087<br \/>(844) 887-9500<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=kpHinSszBGQnwPvP3fX2CJXUdjxE1OJTkgL-LTnmZJWcnJRalUoXMEOxfIk2QNtTaWTnIv2fX4YFsP0h0LZqcA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>info@ktmc.com<\/u><\/a><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE5MDI1MSM0MDY0NzUxIzIwMTkzMTI=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/9aeeaed7-068d-42ad-927a-973533fcd84a\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>RADNOR, Pa., March 15, 2021 (GLOBE NEWSWIRE) &#8212; The law firm of Kessler Topaz Meltzer &amp; Check, LLP is currently investigating potential violations of the federal securities laws on behalf of shareholders of Lordstown Motors Corp. (\u201cLordstown\u201d) (NASDAQ: RIDE).\u00a0\u00a0 Lordstown is an automobile manufacturer of electric vehicles. On March 12, 2021, Hindenburg Research, LLC published a report entitled: \u201cThe Lordstown Motors Mirage: Fake Orders, Undisclosed Production Hurdles, And A Prototype Inferno.\u201d The report stated that \u201cLordstown is an electric vehicle SPAC with no revenue and no sellable product, which we believe has misled investors on both its demand and production capabilities.\u201d The report also stated that \u201cconversations with former employees, business partners and an extensive document review show that the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kessler-topaz-meltzer-check-llp-announces-investigation-of-securities-fraud-claims-on-behalf-of-lordstown-motors-corp-ride-investors\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Kessler Topaz Meltzer &amp; Check, LLP Announces Investigation of Securities Fraud Claims on Behalf of Lordstown Motors Corp. (RIDE) Investors&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-457872","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kessler Topaz Meltzer &amp; Check, LLP Announces Investigation of Securities Fraud Claims on Behalf of Lordstown Motors Corp. (RIDE) Investors - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kessler-topaz-meltzer-check-llp-announces-investigation-of-securities-fraud-claims-on-behalf-of-lordstown-motors-corp-ride-investors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kessler Topaz Meltzer &amp; Check, LLP Announces Investigation of Securities Fraud Claims on Behalf of Lordstown Motors Corp. (RIDE) Investors - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"RADNOR, Pa., March 15, 2021 (GLOBE NEWSWIRE) &#8212; The law firm of Kessler Topaz Meltzer &amp; Check, LLP is currently investigating potential violations of the federal securities laws on behalf of shareholders of Lordstown Motors Corp. (\u201cLordstown\u201d) (NASDAQ: RIDE).\u00a0\u00a0 Lordstown is an automobile manufacturer of electric vehicles. On March 12, 2021, Hindenburg Research, LLC published a report entitled: \u201cThe Lordstown Motors Mirage: Fake Orders, Undisclosed Production Hurdles, And A Prototype Inferno.\u201d The report stated that \u201cLordstown is an electric vehicle SPAC with no revenue and no sellable product, which we believe has misled investors on both its demand and production capabilities.\u201d The report also stated that \u201cconversations with former employees, business partners and an extensive document review show that the &hellip; Continue reading &quot;Kessler Topaz Meltzer &amp; Check, LLP Announces Investigation of Securities Fraud Claims on Behalf of Lordstown Motors Corp. (RIDE) Investors&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/kessler-topaz-meltzer-check-llp-announces-investigation-of-securities-fraud-claims-on-behalf-of-lordstown-motors-corp-ride-investors\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-15T16:35:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE5MDI1MSM0MDY0NzUxIzIwMTkzMTI=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kessler-topaz-meltzer-check-llp-announces-investigation-of-securities-fraud-claims-on-behalf-of-lordstown-motors-corp-ride-investors\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kessler-topaz-meltzer-check-llp-announces-investigation-of-securities-fraud-claims-on-behalf-of-lordstown-motors-corp-ride-investors\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Kessler Topaz Meltzer &amp; Check, LLP Announces Investigation of Securities Fraud Claims on Behalf of Lordstown Motors Corp. 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On March 12, 2021, Hindenburg Research, LLC published a report entitled: \u201cThe Lordstown Motors Mirage: Fake Orders, Undisclosed Production Hurdles, And A Prototype Inferno.\u201d The report stated that \u201cLordstown is an electric vehicle SPAC with no revenue and no sellable product, which we believe has misled investors on both its demand and production capabilities.\u201d The report also stated that \u201cconversations with former employees, business partners and an extensive document review show that the &hellip; Continue reading \"Kessler Topaz Meltzer &amp; Check, LLP Announces Investigation of Securities Fraud Claims on Behalf of Lordstown Motors Corp. (RIDE) Investors\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/kessler-topaz-meltzer-check-llp-announces-investigation-of-securities-fraud-claims-on-behalf-of-lordstown-motors-corp-ride-investors\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-15T16:35:12+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE5MDI1MSM0MDY0NzUxIzIwMTkzMTI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kessler-topaz-meltzer-check-llp-announces-investigation-of-securities-fraud-claims-on-behalf-of-lordstown-motors-corp-ride-investors\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kessler-topaz-meltzer-check-llp-announces-investigation-of-securities-fraud-claims-on-behalf-of-lordstown-motors-corp-ride-investors\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Kessler Topaz Meltzer &amp; Check, LLP Announces Investigation of Securities Fraud Claims on Behalf of Lordstown Motors Corp. 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