{"id":457933,"date":"2021-03-15T15:14:15","date_gmt":"2021-03-15T19:14:15","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=457933"},"modified":"2021-03-15T15:14:15","modified_gmt":"2021-03-15T19:14:15","slug":"lordstown-motors-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-lordstown-motors-corp-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lordstown-motors-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-lordstown-motors-corp-2\/","title":{"rendered":"Lordstown Motors Investor Alert: Kaplan Fox Investigates Potential Securities Fraud At Lordstown Motors Corp."},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">NEW YORK<\/span>, <span class=\"xn-chron\">March 15, 2021<\/span> \/PRNewswire\/ &#8212; <span class=\"xn-person\">Kaplan Fox<\/span> &amp; Kilsheimer LLP (<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3097168-1&amp;h=3133604263&amp;u=http%3A%2F%2Fwww.kaplanfox.com%2F&amp;a=www.kaplanfox.com\" rel=\"nofollow noopener noreferrer\">www.kaplanfox.com<\/a>) is investigating claims on behalf of investors of Lordstown Motors Corp. (&#8220;Lordstown&#8221; or the &#8220;Company&#8221;) (NASDAQ: RIDE).<\/p>\n<p>On <span class=\"xn-chron\">March 12, 2021<\/span>, <i>Hindenburg Research<\/i> published a report entitled &#8220;The Lordstown Motors Mirage: Fake Orders, Undisclosed Production Hurdles, And A Prototype Inferno.&#8221; <i>Hindenburg<\/i> alleges, among other things that &#8220;Lordstown 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.&#8221; <i>Hindenburg<\/i>\u00a0also alleges that &#8220;[t]he company has consistently pointed to its book of 100,000 pre-orders as proof of deep demand for its proposed EV truck&#8221; although &#8220;[<i>Hindenburg&#8217;s<\/i>] conversations with former employees, business partners and an extensive document review show that the company&#8217;s orders are largely fictitious and used as a prop to raise capital and confer legitimacy.&#8221;<\/p>\n<p>Following the issuance of the <i>Hindenburg Research<\/i>\u00a0report, Lordstown&#8217;s shares fell <span class=\"xn-money\">$2.93<\/span> per share, about 16.5%, to close at <span class=\"xn-money\">$14<\/span>.78\u00a0per share on <span class=\"xn-chron\">March 12, 2021<\/span>. <\/p>\n<p>If you purchased or otherwise acquired Lordstown securities and would like to discuss our investigation, please contact us by emailing <a target=\"_blank\" href=\"mailto:pmayer@kaplanfox.com\" rel=\"nofollow noopener noreferrer\">pmayer@kaplanfox.com<\/a> or by calling (646) 315-9003.\u00a0 <\/p>\n<p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p>\n        <span class=\"xn-person\">Kaplan Fox<\/span> &amp; Kilsheimer LLP, with offices in <span class=\"xn-location\">New York<\/span>, <span class=\"xn-location\">San Francisco<\/span>, <span class=\"xn-location\">Los Angeles<\/span>, <span class=\"xn-location\">Chicago<\/span> and <span class=\"xn-location\">New Jersey<\/span>, has many years of experience in prosecuting investor class actions. For more information about <span class=\"xn-person\">Kaplan Fox<\/span> &amp; Kilsheimer LLP, you may visit our website at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3097168-1&amp;h=3133604263&amp;u=http%3A%2F%2Fwww.kaplanfox.com%2F&amp;a=www.kaplanfox.com\" rel=\"nofollow noopener noreferrer\">www.kaplanfox.com<\/a>.\u00a0 If you have any questions about this investigation, your rights, or your interests, please contact: <\/p>\n<p>\n        <span class=\"xn-person\">Jeffrey P. Campisi<\/span><br \/>\n        <br \/>\n        <span class=\"xn-person\">KAPLAN FOX<\/span> &amp; KILSHEIMER LLP<br \/>850 Third Avenue, 14th Floor<br \/><span class=\"xn-location\">New York<\/span>, New York\u00a010022<br \/>(212) 329-8571<br \/>E-mail: <a target=\"_blank\" href=\"mailto:jcampisi@kaplanfox.com\" rel=\"nofollow noopener noreferrer\">jcampisi@kaplanfox.com<\/a><\/p>\n<p>\n        <span class=\"xn-person\">Laurence D. King<\/span><br \/>\n        <br \/>\n        <span class=\"xn-person\">KAPLAN FOX<\/span> &amp; KILSHEIMER LLP<br \/>1999 <span class=\"xn-person\">Harrison Street<\/span>, Suite 1560<br \/><span class=\"xn-location\">Oakland, California<\/span> 94612<br \/>(415) 772-4704<br \/>Fax:\u00a0 (415) 772-4707<br \/>E-mail: <a target=\"_blank\" href=\"mailto:lking@kaplanfox.com\" rel=\"nofollow noopener noreferrer\">lking@kaplanfox.com<\/a><\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DC09854&amp;sd=2021-03-15\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/lordstown-motors-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-lordstown-motors-corp-301247583.html\">http:\/\/www.prnewswire.com\/news-releases\/lordstown-motors-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-lordstown-motors-corp-301247583.html<\/a><\/p>\n<p>SOURCE  <span class=\"xn-person\">Kaplan Fox<\/span> &amp; Kilsheimer LLP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DC09854&amp;Transmission_Id=202103151511PR_NEWS_USPR_____DC09854&amp;DateId=20210315\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire NEW YORK, March 15, 2021 \/PRNewswire\/ &#8212; Kaplan Fox &amp; Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Lordstown Motors Corp. (&#8220;Lordstown&#8221; or the &#8220;Company&#8221;) (NASDAQ: RIDE). On March 12, 2021, Hindenburg Research published a report entitled &#8220;The Lordstown Motors Mirage: Fake Orders, Undisclosed Production Hurdles, And A Prototype Inferno.&#8221; Hindenburg alleges, among other things that &#8220;Lordstown 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.&#8221; Hindenburg\u00a0also alleges that &#8220;[t]he company has consistently pointed to its book of 100,000 pre-orders as proof of deep demand for its proposed EV truck&#8221; although &#8220;[Hindenburg&#8217;s] conversations with former employees, business partners and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lordstown-motors-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-lordstown-motors-corp-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Lordstown Motors Investor Alert: Kaplan Fox Investigates Potential Securities Fraud At Lordstown Motors Corp.&#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-457933","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Lordstown Motors Investor Alert: Kaplan Fox Investigates Potential Securities Fraud At Lordstown Motors Corp. - 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\/lordstown-motors-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-lordstown-motors-corp-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lordstown Motors Investor Alert: Kaplan Fox Investigates Potential Securities Fraud At Lordstown Motors Corp. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK, March 15, 2021 \/PRNewswire\/ &#8212; Kaplan Fox &amp; Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Lordstown Motors Corp. (&#8220;Lordstown&#8221; or the &#8220;Company&#8221;) (NASDAQ: RIDE). On March 12, 2021, Hindenburg Research published a report entitled &#8220;The Lordstown Motors Mirage: Fake Orders, Undisclosed Production Hurdles, And A Prototype Inferno.&#8221; Hindenburg alleges, among other things that &#8220;Lordstown 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.&#8221; Hindenburg\u00a0also alleges that &#8220;[t]he company has consistently pointed to its book of 100,000 pre-orders as proof of deep demand for its proposed EV truck&#8221; although &#8220;[Hindenburg&#8217;s] conversations with former employees, business partners and &hellip; Continue reading &quot;Lordstown Motors Investor Alert: Kaplan Fox Investigates Potential Securities Fraud At Lordstown Motors Corp.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/lordstown-motors-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-lordstown-motors-corp-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-15T19:14:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DC09854&amp;sd=2021-03-15\" \/>\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\\\/lordstown-motors-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-lordstown-motors-corp-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lordstown-motors-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-lordstown-motors-corp-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Lordstown Motors Investor Alert: Kaplan Fox Investigates Potential Securities Fraud At Lordstown Motors Corp.\",\"datePublished\":\"2021-03-15T19:14:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lordstown-motors-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-lordstown-motors-corp-2\\\/\"},\"wordCount\":340,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lordstown-motors-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-lordstown-motors-corp-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=DC09854&amp;sd=2021-03-15\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lordstown-motors-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-lordstown-motors-corp-2\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lordstown-motors-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-lordstown-motors-corp-2\\\/\",\"name\":\"Lordstown Motors Investor Alert: Kaplan Fox Investigates Potential Securities Fraud At Lordstown Motors Corp. - 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(&#8220;Lordstown&#8221; or the &#8220;Company&#8221;) (NASDAQ: RIDE). On March 12, 2021, Hindenburg Research published a report entitled &#8220;The Lordstown Motors Mirage: Fake Orders, Undisclosed Production Hurdles, And A Prototype Inferno.&#8221; Hindenburg alleges, among other things that &#8220;Lordstown 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.&#8221; Hindenburg\u00a0also alleges that &#8220;[t]he company has consistently pointed to its book of 100,000 pre-orders as proof of deep demand for its proposed EV truck&#8221; although &#8220;[Hindenburg&#8217;s] conversations with former employees, business partners and &hellip; Continue reading \"Lordstown Motors Investor Alert: Kaplan Fox Investigates Potential Securities Fraud At Lordstown Motors Corp.\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/lordstown-motors-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-lordstown-motors-corp-2\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-15T19:14:15+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=DC09854&amp;sd=2021-03-15","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\/lordstown-motors-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-lordstown-motors-corp-2\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lordstown-motors-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-lordstown-motors-corp-2\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Lordstown Motors Investor Alert: Kaplan Fox Investigates Potential Securities Fraud At Lordstown Motors Corp.","datePublished":"2021-03-15T19:14:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lordstown-motors-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-lordstown-motors-corp-2\/"},"wordCount":340,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lordstown-motors-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-lordstown-motors-corp-2\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=DC09854&amp;sd=2021-03-15","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lordstown-motors-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-lordstown-motors-corp-2\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/lordstown-motors-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-lordstown-motors-corp-2\/","name":"Lordstown Motors Investor Alert: Kaplan Fox Investigates Potential Securities Fraud At Lordstown Motors Corp. - 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