{"id":458868,"date":"2021-03-16T10:38:36","date_gmt":"2021-03-16T14:38:36","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=458868"},"modified":"2021-03-16T10:38:36","modified_gmt":"2021-03-16T14:38:36","slug":"lordstown-motors-corp-investigation-alert-kessler-topaz-meltzer-check-llp-is-investigating-lordstown-motors-corp-for-potential-securities-fraud-violations","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lordstown-motors-corp-investigation-alert-kessler-topaz-meltzer-check-llp-is-investigating-lordstown-motors-corp-for-potential-securities-fraud-violations\/","title":{"rendered":"Lordstown Motors Corp. Investigation Alert:  Kessler Topaz Meltzer &amp; Check, LLP is investigating Lordstown Motors Corp. for Potential Securities Fraud Violations"},"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\">RADNOR, Pa.<\/span>, <span class=\"xn-chron\">March 16, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0The 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. (&#8220;Lordstown&#8221;) (NASDAQ: RIDE).\u00a0 <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/277422\/ktmc_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/277422\/ktmc_Logo.jpg\" title=\"KTMC (PRNewsFoto\/Kessler Topaz Meltzer &amp; Check)\" alt=\"KTMC (PRNewsFoto\/Kessler Topaz Meltzer &amp; Check)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>Lordstown is an automobile manufacturer of electric vehicles.<\/p>\n<p>On <span class=\"xn-chron\">March 12, 2021<\/span>, Hindenburg Research, LLC published a report entitled: &#8220;The Lordstown Motors Mirage:\u00a0 Fake Orders, Undisclosed Production Hurdles, And A Prototype Inferno.&#8221;\u00a0 The report stated 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;\u00a0 The report also stated that &#8220;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 this news, Lordstown&#8217;s stock price is down over 16% from its <span class=\"xn-chron\">March 11, 2021<\/span> closing price of <span class=\"xn-money\">$17.71<\/span>.<\/p>\n<p>\n        <b><br \/>\n          <i>If you are a Lordstown investor and would like to learn more about our investigation, please contact Kessler Topaz Meltzer &amp; Check, LLP:\u00a0 <span class=\"xn-person\">James Maro, Esq.<\/span> (484) 270-1453 or <span class=\"xn-person\">Adrienne Bell, Esq.<\/span> (484) 270-1435; toll free at (844) 887-9500; via e-mail at <a href=\"mailto:info@ktmc.com\" rel=\"nofollow\">info@ktmc.com<\/a>; or please visit<\/i><br \/>\n        <\/b><br \/>\n        <b><br \/>\n          <i>the following link<\/i><br \/>\n        <\/b><br \/>\n        <b><br \/>\n          <i>to fill out our online form<\/i><br \/>\n        <\/b><br \/>\n        <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3098535-1&amp;h=2300556763&amp;u=https%3A%2F%2Fwww.ktmc.com%2Flordstown-motors-corp-investigation%3Futm_source%3DPR%26utm_medium%3Dlink%26utm_campaign%3Dlordstown&amp;a=https%3A%2F%2Fwww.ktmc.com%2Flordstown-motors-corp-investigation%3Futm_source%3DPR%26utm_medium%3Dlink%26utm_campaign%3Dlordstown\" rel=\"nofollow noopener noreferrer\">https:\/\/www.ktmc.com\/lordstown-motors-corp-investigation?utm_source=PR&amp;utm_medium=link&amp;utm_campaign=lordstown<\/a>. \u00a0<\/p>\n<p>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 <span class=\"xn-location\">the United States<\/span> 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 <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3098535-1&amp;h=395178202&amp;u=http%3A%2F%2Fwww.ktmc.com%2F&amp;a=www.ktmc.com\" rel=\"nofollow noopener noreferrer\">www.ktmc.com<\/a><\/u>.<\/p>\n<p>CONTACT:<\/p>\n<p>Kessler Topaz Meltzer &amp; Check, LLP<br \/><span class=\"xn-person\">James Maro, Jr., Esq.<\/span><br \/><span class=\"xn-person\">Adrienne Bell, Esq.<\/span><br \/>280 King of Prussia Road<br \/><span class=\"xn-location\">Radnor, PA<\/span> 19087<br \/>(844) 887-9500<br \/><u><a target=\"_blank\" href=\"mailto:info@ktmc.com\" rel=\"nofollow noopener noreferrer\">info@ktmc.com<\/a><\/u><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\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=DC11218&amp;sd=2021-03-16\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/lordstown-motors-corp-investigation-alert--kessler-topaz-meltzer--check-llp-is-investigating-lordstown-motors-corp-for-potential-securities-fraud-violations-301248463.html\">http:\/\/www.prnewswire.com\/news-releases\/lordstown-motors-corp-investigation-alert&#8211;kessler-topaz-meltzer&#8211;check-llp-is-investigating-lordstown-motors-corp-for-potential-securities-fraud-violations-301248463.html<\/a><\/p>\n<p>SOURCE  Kessler Topaz Meltzer &amp; Check, LLP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DC11218&amp;Transmission_Id=202103161035PR_NEWS_USPR_____DC11218&amp;DateId=20210316\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire RADNOR, Pa., March 16, 2021 \/PRNewswire\/ &#8212;\u00a0The 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. (&#8220;Lordstown&#8221;) (NASDAQ: RIDE).\u00a0 Lordstown is an automobile manufacturer of electric vehicles. On March 12, 2021, Hindenburg Research, LLC published a report entitled: &#8220;The Lordstown Motors Mirage:\u00a0 Fake Orders, Undisclosed Production Hurdles, And A Prototype Inferno.&#8221;\u00a0 The report stated 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;\u00a0 The report also stated that &#8220;conversations 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\/lordstown-motors-corp-investigation-alert-kessler-topaz-meltzer-check-llp-is-investigating-lordstown-motors-corp-for-potential-securities-fraud-violations\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Lordstown Motors Corp. Investigation Alert:  Kessler Topaz Meltzer &amp; Check, LLP is investigating Lordstown Motors Corp. for Potential Securities Fraud Violations&#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-458868","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>Lordstown Motors Corp. Investigation Alert: Kessler Topaz Meltzer &amp; Check, LLP is investigating Lordstown Motors Corp. for Potential Securities Fraud Violations - 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-corp-investigation-alert-kessler-topaz-meltzer-check-llp-is-investigating-lordstown-motors-corp-for-potential-securities-fraud-violations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lordstown Motors Corp. Investigation Alert: Kessler Topaz Meltzer &amp; Check, LLP is investigating Lordstown Motors Corp. for Potential Securities Fraud Violations - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire RADNOR, Pa., March 16, 2021 \/PRNewswire\/ &#8212;\u00a0The 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. (&#8220;Lordstown&#8221;) (NASDAQ: RIDE).\u00a0 Lordstown is an automobile manufacturer of electric vehicles. On March 12, 2021, Hindenburg Research, LLC published a report entitled: &#8220;The Lordstown Motors Mirage:\u00a0 Fake Orders, Undisclosed Production Hurdles, And A Prototype Inferno.&#8221;\u00a0 The report stated 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;\u00a0 The report also stated that &#8220;conversations with former employees, business partners and an extensive document review show that the &hellip; Continue reading &quot;Lordstown Motors Corp. 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Investigation Alert: Kessler Topaz Meltzer &amp; Check, LLP is investigating Lordstown Motors Corp. for Potential Securities Fraud Violations - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/lordstown-motors-corp-investigation-alert-kessler-topaz-meltzer-check-llp-is-investigating-lordstown-motors-corp-for-potential-securities-fraud-violations\/","og_locale":"en_US","og_type":"article","og_title":"Lordstown Motors Corp. Investigation Alert: Kessler Topaz Meltzer &amp; Check, LLP is investigating Lordstown Motors Corp. for Potential Securities Fraud Violations - Market Newsdesk","og_description":"PR Newswire RADNOR, Pa., March 16, 2021 \/PRNewswire\/ &#8212;\u00a0The 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. (&#8220;Lordstown&#8221;) (NASDAQ: RIDE).\u00a0 Lordstown is an automobile manufacturer of electric vehicles. On March 12, 2021, Hindenburg Research, LLC published a report entitled: &#8220;The Lordstown Motors Mirage:\u00a0 Fake Orders, Undisclosed Production Hurdles, And A Prototype Inferno.&#8221;\u00a0 The report stated 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;\u00a0 The report also stated that &#8220;conversations with former employees, business partners and an extensive document review show that the &hellip; Continue reading \"Lordstown Motors Corp. Investigation Alert: Kessler Topaz Meltzer &amp; Check, LLP is investigating Lordstown Motors Corp. for Potential Securities Fraud Violations\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/lordstown-motors-corp-investigation-alert-kessler-topaz-meltzer-check-llp-is-investigating-lordstown-motors-corp-for-potential-securities-fraud-violations\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-16T14:38:36+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/277422\/ktmc_Logo.jpg","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-corp-investigation-alert-kessler-topaz-meltzer-check-llp-is-investigating-lordstown-motors-corp-for-potential-securities-fraud-violations\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lordstown-motors-corp-investigation-alert-kessler-topaz-meltzer-check-llp-is-investigating-lordstown-motors-corp-for-potential-securities-fraud-violations\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Lordstown Motors Corp. 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