{"id":470047,"date":"2021-04-01T15:47:25","date_gmt":"2021-04-01T19:47:25","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=470047"},"modified":"2021-04-01T15:47:25","modified_gmt":"2021-04-01T19:47:25","slug":"lordstown-motors-corp-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-was-filed-on-behalf-of-the-shareholders-of-lordstown-m","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lordstown-motors-corp-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-was-filed-on-behalf-of-the-shareholders-of-lordstown-m\/","title":{"rendered":"LORDSTOWN MOTORS CORP. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit was filed on behalf of the shareholders of Lordstown Motors Corp. in the United States District Court for the Northern District of Ohio"},"content":{"rendered":"
\n

LEAD PLAINTIFF FILING DEADLINE IS MAY 17, 2021<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n NEW YORK<\/span>, April 1, 2021<\/span> \/PRNewswire\/ —\u00a0Wolf Haldenstein Adler Freeman<\/span> & Herz LLP,<\/a> a preeminent national shareholder rights law firm, announces that a federal securities class action lawsuit has been filed in the United States<\/span> District Court for the Northern District of Ohio<\/span> on behalf of investors who purchased or otherwise acquired Lordstown Motors Corp. (“Lordstown<\/span>” or the “Company”) (NASDAQ: RIDE) securities between August 3, 2020<\/span> and March 17, 2021<\/span>, inclusive (the “Class Period”). <\/p>\n

\n

\n
\n \"(PRNewsfoto\/Wolf
\n <\/a>\n <\/p>\n<\/p><\/div>\n

All investors who purchased shares of Lordstown Motors Corp. and incurred losses are urged to contact the firm immediately at classmember@whafh.com<\/a>\u00a0or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the case<\/a> on our website, www.whafh.com.<\/a><\/p>\n

If\u00a0you have incurred losses in the shares of Lordstown Motors Corp., you may, no later than May 17, 2021<\/span>, request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein<\/span><\/a> to learn more about your rights as an investor in the shares of\u00a0Lordstown Motors Corp.<\/p>\n

\n CLICK HERE TO JOIN CASE<\/a>\n <\/p>\n

Lordstown Motors Corp.\u00a0plunged the most in five months after the short-seller, Hindenburg Research (“Hindenburg”) said in a\u00a0report<\/a> that “Lordstown<\/span> 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.” <\/i>According to\u00a0Hindenburg, Lordstown<\/span> “has consistently pointed to its book of 100,000 pre-orders as proof of deep demand for its proposed EV truck. Our conversations with former employees, business partners and an extensive document review show that the company’s orders are largely fictitious.”<\/i><\/p>\n

The Company’s stock closed on March 12<\/span>th<\/sup> at $14.78<\/span> per share, a decline of over 16% from the prior day’s close of $17.71<\/span> per share.<\/p>\n

Subsequently, on March 17, 2021<\/span>, after the market had closed, Lordstown<\/span> held some earnings call on which the defendants disclosed that Lordstown<\/span> had received an inquiry from the U.S. Securities and Exchange Commission (“SEC”) regarding accounting issues. <\/p>\n

Following this disclosure, Lordstown’s<\/span> stock price fell $2.08<\/span> per share on March 18, 2021<\/span>, a decline of an additional 14%.<\/p>\n

\n
\n Wolf Haldenstein Adler Freeman<\/span> & Herz LLP<\/a>\u00a0has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.\u00a0The firm has attorneys in various practice areas; and offices in New York<\/span>, Chicago<\/span> and San Diego.\u00a0The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.<\/p>\n

If you wish to discuss this investigation or have any questions regarding your rights and interests in this matter, please immediately contact Wolf Haldenstein<\/span><\/a> by telephone at (800) 575-0735, via e-mail at classmember@whafh.com<\/a>, or visit our website at www.whafh.com. <\/a><\/p>\n

Contact:
Wolf Haldenstein Adler Freeman<\/span> & Herz LLP
Gregory Stone<\/span>, Director of Case and Financial Analysis
Kevin Cooper, Esq.<\/span>
Email: gstone@whafh.com<\/a> or classmember@whafh.com<\/a>\u00a0
Tel: (800) 575-0735 or (212) 545-4774<\/p>\n

Attorney Advertising. Prior results do not guarantee or predict a similar outcome.<\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/lordstown-motors-corp-class-action-alert-wolf-haldenstein-adler-freeman–herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-was-filed-on-behalf-of-the-shareholders-of-lordstown-motors-corp-in-the-united-states-d-301260977.html<\/a><\/p>\n

SOURCE Wolf Haldenstein Adler Freeman<\/span> & Herz LLP<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

LEAD PLAINTIFF FILING DEADLINE IS MAY 17, 2021 PR Newswire NEW YORK, April 1, 2021 \/PRNewswire\/ —\u00a0Wolf Haldenstein Adler Freeman & Herz LLP, a preeminent national shareholder rights law firm, announces that a federal securities class action lawsuit has been filed in the United States District Court for the Northern District of Ohio on behalf of investors who purchased or otherwise acquired Lordstown Motors Corp. (“Lordstown” or the “Company”) (NASDAQ: RIDE) securities between August 3, 2020 and March 17, 2021, inclusive (the “Class Period”). All investors who purchased shares of Lordstown Motors Corp. and incurred losses are urged to contact the firm immediately at classmember@whafh.com\u00a0or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join … <\/p>\n

Continue reading “LORDSTOWN MOTORS CORP. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit was filed on behalf of the shareholders of Lordstown Motors Corp. in the United States District Court for the Northern District of Ohio”<\/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-470047","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nLORDSTOWN MOTORS CORP. 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CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit was filed on behalf of the shareholders of Lordstown Motors Corp. in the United States District Court for the Northern District of Ohio\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/lordstown-motors-corp-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-was-filed-on-behalf-of-the-shareholders-of-lordstown-m\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-01T19:47:25+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/1064977\/Wolf_Haldenstein_Adler_Freeman_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lordstown-motors-corp-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-was-filed-on-behalf-of-the-shareholders-of-lordstown-m\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lordstown-motors-corp-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-was-filed-on-behalf-of-the-shareholders-of-lordstown-m\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"LORDSTOWN MOTORS CORP. 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