{"id":471229,"date":"2021-04-05T21:48:09","date_gmt":"2021-04-06T01:48:09","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=471229"},"modified":"2021-04-05T21:48:09","modified_gmt":"2021-04-06T01:48:09","slug":"hagens-berman-national-trial-attorneys-alerts-lordstown-motors-corp-ride-investors-to-expanded-fraudulent-period-in-securities-fraud-action-and-encourages-investors-with-significant-losses-to-con","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-alerts-lordstown-motors-corp-ride-investors-to-expanded-fraudulent-period-in-securities-fraud-action-and-encourages-investors-with-significant-losses-to-con\/","title":{"rendered":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Lordstown Motors Corp. (RIDE) Investors to EXPANDED FRAUDULENT PERIOD in Securities Fraud Action and Encourages Investors with Significant Losses to Contact its Attorneys"},"content":{"rendered":"
\n

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

\n

\n SAN FRANCISCO<\/span>, April 5, 2021<\/span> \/PRNewswire\/ —\u00a0Hagens Berman urges Lordstown Motors Corp. (<\/b>NASDAQ: RIDE) <\/b>investors to submit your losses now<\/a>.<\/p>\n

\n Class Period: <\/b>
\n Aug. 3, 2020<\/span> – Mar. 24, 2021<\/span>
Lead Plaintiff Deadline: <\/b>May 17, 2021<\/span>
Visit:<\/b>\u00a0www.hbsslaw.com\/cases\/RIDE<\/a>
Contact an Attorney Now:<\/b>\u00a0RIDE@hbsslaw.com<\/a>
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 844-916-0895<\/b><\/p>\n

\n RIDE Securities Fraud Class Action:
<\/b>The complaint alleges defendants misled investors by (i) falsely touting customer pre-orders when they were non-binding agreements, (ii) concealing that many would-be customers lacked the means to make such purchases, (iii) misstating that Lordstown was “on track” to commence production of the Endurance in Sept. 2021<\/span>, and (iv) omitting to disclose that the first Endurance test run resulted in the vehicle quickly bursting into flames.<\/p>\n

Investors began to learn the truth on Mar. 12, 2021<\/span>, when Hindenburg Research <\/i>published a report,\u00a0claiming that the 100,000 pre-orders for Lordstown’s EV truck are “largely fictitious and used as a prop to raise capital and confer legitimacy.” Hindenburg<\/i> also cited significant, undisclosed production delays and a prototype that “burst into flames 10 minutes before the test drive” in Jan. 2021<\/span>, substantiating claims by former employees that the company is not conducting the needed testing or validation required by the NHTSA. On this news, Lordstown shares fell by 17% in one trading day.<\/p>\n

Before the markets opened on Mar. 18, 2021<\/span>, Lordstown’s CEO, Stephen Burns<\/span>, appeared on CNBC stating, “We never said we had orders. We don’t have a product yet so by definition you can’t have orders<\/i><\/b>.” Lordstown shares fell approximately another 9% on this news.<\/p>\n

\n Then, on Mar. 24<\/span>, Hindenburg<\/i>\u00a0hit again, <\/b>
\n publishing photos<\/a>
\n \u00a0of a broken down Endurance on a tow truck during a commercial shoot last summer. The commercial aired several days before Lordstown Motors announced its merger with SPAC DiamondPeak.<\/b>\n <\/p>\n

“We’re focused on investors’ losses and proving Lordstown duped investors about its order book,” said Reed Kathrein<\/span>, the Hagens Berman partner leading the investigation.<\/p>\n

If you are a Lordstown investor and have significant losses, or have knowledge that may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman<\/a>.<\/p>\n

\n Whistleblowers: <\/b>Persons with non-public information regarding Lordstown Motors should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein<\/span> at 844-916-0895<\/b> or email RIDE@hbsslaw.com<\/a>.<\/p>\n

\n
\n About Hagens Berman<\/a>
\n <\/u>
\n
Hagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys.\u00a0The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com<\/a>. For the latest news visit our newsroom<\/a><\/u> or follow us on Twitter at @classactionlaw<\/a><\/u>.<\/p>\n

\n CONTACT:
<\/u>
\n Reed Kathrein<\/span>
\n
844-916-0895<\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/hagens-berman-national-trial-attorneys-alerts-lordstown-motors-corp-ride-investors-to-expanded-fraudulent-period-in-securities-fraud-action-and-encourages-investors-with-significant-losses-to-contact-its-attorneys-301262439.html<\/a><\/p>\n

SOURCE Hagens Berman Sobol Shapiro LLP<\/p>\n<\/p><\/div>\n

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

PR Newswire SAN FRANCISCO, April 5, 2021 \/PRNewswire\/ —\u00a0Hagens Berman urges Lordstown Motors Corp. (NASDAQ: RIDE) investors to submit your losses now. Class Period: Aug. 3, 2020 – Mar. 24, 2021Lead Plaintiff Deadline: May 17, 2021Visit:\u00a0www.hbsslaw.com\/cases\/RIDEContact an Attorney Now:\u00a0RIDE@hbsslaw.com\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 844-916-0895 RIDE Securities Fraud Class Action:The complaint alleges defendants misled investors by (i) falsely touting customer pre-orders when they were non-binding agreements, (ii) concealing that many would-be customers lacked the means to make such purchases, (iii) misstating that Lordstown was “on track” to commence production of the Endurance in Sept. 2021, and (iv) omitting to disclose that the first Endurance test run resulted in the vehicle quickly bursting into flames. Investors began to learn the truth on Mar. 12, 2021, when … <\/p>\n

Continue reading “HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Lordstown Motors Corp. (RIDE) Investors to EXPANDED FRAUDULENT PERIOD in Securities Fraud Action and Encourages Investors with Significant Losses to Contact its Attorneys”<\/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-471229","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nHAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Lordstown Motors Corp. (RIDE) Investors to EXPANDED FRAUDULENT PERIOD in Securities Fraud Action and Encourages Investors with Significant Losses to Contact its Attorneys - 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\/hagens-berman-national-trial-attorneys-alerts-lordstown-motors-corp-ride-investors-to-expanded-fraudulent-period-in-securities-fraud-action-and-encourages-investors-with-significant-losses-to-con\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Lordstown Motors Corp. (RIDE) Investors to EXPANDED FRAUDULENT PERIOD in Securities Fraud Action and Encourages Investors with Significant Losses to Contact its Attorneys - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SAN FRANCISCO, April 5, 2021 \/PRNewswire\/ —\u00a0Hagens Berman urges Lordstown Motors Corp. (NASDAQ: RIDE) investors to submit your losses now. Class Period: Aug. 3, 2020 – Mar. 24, 2021Lead Plaintiff Deadline: May 17, 2021Visit:\u00a0www.hbsslaw.com\/cases\/RIDEContact an Attorney Now:\u00a0RIDE@hbsslaw.com\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 844-916-0895 RIDE Securities Fraud Class Action:The complaint alleges defendants misled investors by (i) falsely touting customer pre-orders when they were non-binding agreements, (ii) concealing that many would-be customers lacked the means to make such purchases, (iii) misstating that Lordstown was “on track” to commence production of the Endurance in Sept. 2021, and (iv) omitting to disclose that the first Endurance test run resulted in the vehicle quickly bursting into flames. 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(RIDE) Investors to EXPANDED FRAUDULENT PERIOD in Securities Fraud Action and Encourages Investors with Significant Losses to Contact its Attorneys\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-alerts-lordstown-motors-corp-ride-investors-to-expanded-fraudulent-period-in-securities-fraud-action-and-encourages-investors-with-significant-losses-to-con\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-06T01:48:09+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=DC32716&sd=2021-04-05","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\/hagens-berman-national-trial-attorneys-alerts-lordstown-motors-corp-ride-investors-to-expanded-fraudulent-period-in-securities-fraud-action-and-encourages-investors-with-significant-losses-to-con\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-alerts-lordstown-motors-corp-ride-investors-to-expanded-fraudulent-period-in-securities-fraud-action-and-encourages-investors-with-significant-losses-to-con\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Lordstown Motors Corp. 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