{"id":473169,"date":"2021-04-07T16:03:26","date_gmt":"2021-04-07T20:03:26","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=473169"},"modified":"2021-04-07T16:03:26","modified_gmt":"2021-04-07T20:03:26","slug":"lawsuit-filed-block-leviton-llp-reminds-investors-it-has-filed-a-lawsuit-against-lordstown-motors-corp-for-securities-fraud-investors-who-lost-money-should-contact-the-firm-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lawsuit-filed-block-leviton-llp-reminds-investors-it-has-filed-a-lawsuit-against-lordstown-motors-corp-for-securities-fraud-investors-who-lost-money-should-contact-the-firm-2\/","title":{"rendered":"LAWSUIT FILED: Block &amp; Leviton LLP Reminds Investors it Has Filed a Lawsuit Against Lordstown Motors Corp. for Securities Fraud; Investors Who Lost Money Should Contact the Firm"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">BOSTON, April  07, 2021  (GLOBE NEWSWIRE) &#8212; Block &amp; Leviton LLP (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=HljdpjkfxnGehbiZ-sXJQp-0n0cO-uDHozHIfY3HAmtqRwXzZQ_xRUMi4wFK5v1EiCWGWzE_qQGu3qcfD0QcKAW_5Q3793YuzAq3fBJ64uY=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.blockleviton.com<\/a>), a national securities litigation firm, reminds investors that it has filed a class action lawsuit on behalf of shareholders against Lordstown Motors Corp. (NASDAQ: RIDE) and certain of its executives for securities fraud. Investors who purchased Lordstown shares between August 3, 2020 and March 24, 2021 and who lost money are strongly encouraged to contact Block &amp; Leviton attorneys at (617) 398-5600, via email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=tTFZMZEEwMT6oRcI-fcO_4DQizDEBuMh1t_dQYBMjw2KhB-IY4bKdnU0PCKSd9MQblSN4JJ1YVI8YSDeu9DjZT61f2U1Z4n9Y0H1KbhapwA=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">cases@blockleviton.com<\/a>, or to visit our <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=2B-79jvsnVztlv5kCVZFNG_fpa88IZ2NuMsjhb1w9CCiTJ9vOKxBtgaxYxQdqWxTU-ne_WSm6OYabl6PsWXhj7mZs3kx4F4sT-7sPj6CJHxxLrfXI9yCLl5g-533XsUCwuOcSeFh49oCS_ZmNyl1pI10mp_a_GxG2s5xJ58aJlk=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">website<\/a> for information on the case. The deadline to seek appointment as lead plaintiff is May 17, 2021.<\/p>\n<p align=\"justify\">Before the markets opened on March 12, 2021, analyst Hindenburg Research published a scathing report on the electric light duty truck manufacturer entitled \u201cThe Lordstown Motors Mirage: Fake Orders, Undisclosed Production Hurdles, and a Prototype Inferno.\u201d According to Hindenburg, the company\u2019s claimed 100,000 pre-orders for its EV truck are \u201clargely fictitious and used as a prop to raise capital and confer legitimacy.\u201d Hindenburg further cited significant, undisclosed production delays and a prototype that \u201cburst into flames 10 minutes before the test drive\u201d in January 2021, 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<p align=\"justify\">Then, after the markets closed on March 17, 2021, reports emerged that Lordstown disclosed that the Company is the subject of an SEC inquiry for information following the release of the Hindenburg Research report. Then before the markets opened on March 18, 2021, Lordstown\u2019s CEO, Stephen Burns, appeared on CNBC and stated \u201cWe never said we had orders. We don\u2019t have a product yet so by definition you can\u2019t have orders.\u201d Lordstown shares fell approximately another 9% on this news.<\/p>\n<p align=\"justify\">The lawsuit is captioned <em>Rico v. Lordstown Motors Corp., et al.<\/em>, No. 4:21-cv-00616 (N.D. Ohio). The case was filed in the U.S. District Court for the Northern District of Ohio, and has been assigned to Judge Patricia A. Gaughan. The class period is between August 3, 2020 and March 24, 2021, inclusive. A class has not yet been certified, and until a certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.<\/p>\n<p align=\"justify\">Investors who purchased Lordstown shares between August 3, 2020 and March 17, 2021 and have questions about your legal rights or possess information relevant to this matter, please contact Block &amp; Leviton attorneys at (617) 309-5600, via email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=tTFZMZEEwMT6oRcI-fcO_4DQizDEBuMh1t_dQYBMjw3Sv77j2UHHpoQmNTYeLgniH-JiOOcI8S0k8wI-hyoffCYMrBcb4j05EwP2leuUsJM=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">cases@blockleviton.com<\/a>, or visit our <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=2B-79jvsnVztlv5kCVZFNPtrIPvj-H9362yst1nruGbqg9Ra_I9EdW61-q1QvIuuTiTCxKfmu_YixKYlbhhMz_e3Tu5Ajqtd9n0h0qOnw1aPDQBddZmC3Ab1I1JXGhboEc_lwUJE3Gi7Q_ePXoloT7sjntcEP6GK9zMI4-nvsHc=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">website<\/a> for information on the case. The deadline to seek appointment as lead plaintiff is May 17, 2021.<\/p>\n<p align=\"justify\">Block &amp; Leviton LLP is a firm dedicated to representing investors and maintaining the integrity of the country\u2019s financial markets. The firm represents many of the nation\u2019s largest institutional investors as well as individual investors in securities litigation throughout the United States. The firm\u2019s lawyers have recovered billions of dollars for its clients.<\/p>\n<p>This notice may constitute attorney advertising.<\/p>\n<p>CONTACT:<br \/>BLOCK &amp; LEVITON LLP<br \/>260 Franklin St., Suite 1860<br \/>Boston, MA 02110<br \/>Phone: (617) 398-5600<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=tTFZMZEEwMT6oRcI-fcO_4DQizDEBuMh1t_dQYBMjw1arFEyf1-HtfrfVJ86fGdIlWoqk16lMaZNROeZ_ew9SIy9P9EnB7hjcDeC5Xoj-IA=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">cases@blockleviton.com<\/a><br \/>SOURCE: Block &amp; Leviton LLP<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=HljdpjkfxnGehbiZ-sXJQjI5B7QeeHwhpXyWDTBWnkfCEUnoQQdFD-motw0IPYEGi5Zi4kmKm4TcLdxdpdW4ASx3KCyfsSLKS2-kyn9kl0g=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.blockleviton.com<\/a><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMzE1NyM0MTEwNDYzIzIwMTgxMTk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/8fb4e59b-61cd-4876-a16d-21fe3f9d181b\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BOSTON, April 07, 2021 (GLOBE NEWSWIRE) &#8212; Block &amp; Leviton LLP (www.blockleviton.com), a national securities litigation firm, reminds investors that it has filed a class action lawsuit on behalf of shareholders against Lordstown Motors Corp. (NASDAQ: RIDE) and certain of its executives for securities fraud. Investors who purchased Lordstown shares between August 3, 2020 and March 24, 2021 and who lost money are strongly encouraged to contact Block &amp; Leviton attorneys at (617) 398-5600, via email at cases@blockleviton.com, or to visit our website for information on the case. The deadline to seek appointment as lead plaintiff is May 17, 2021. Before the markets opened on March 12, 2021, analyst Hindenburg Research published a scathing report on the electric light duty &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lawsuit-filed-block-leviton-llp-reminds-investors-it-has-filed-a-lawsuit-against-lordstown-motors-corp-for-securities-fraud-investors-who-lost-money-should-contact-the-firm-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;LAWSUIT FILED: Block &amp; Leviton LLP Reminds Investors it Has Filed a Lawsuit Against Lordstown Motors Corp. for Securities Fraud; Investors Who Lost Money Should Contact the Firm&#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-473169","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>LAWSUIT FILED: Block &amp; Leviton LLP Reminds Investors it Has Filed a Lawsuit Against Lordstown Motors Corp. for Securities Fraud; Investors Who Lost Money Should Contact the Firm - 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\/lawsuit-filed-block-leviton-llp-reminds-investors-it-has-filed-a-lawsuit-against-lordstown-motors-corp-for-securities-fraud-investors-who-lost-money-should-contact-the-firm-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LAWSUIT FILED: Block &amp; Leviton LLP Reminds Investors it Has Filed a Lawsuit Against Lordstown Motors Corp. for Securities Fraud; Investors Who Lost Money Should Contact the Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"BOSTON, April 07, 2021 (GLOBE NEWSWIRE) &#8212; Block &amp; Leviton LLP (www.blockleviton.com), a national securities litigation firm, reminds investors that it has filed a class action lawsuit on behalf of shareholders against Lordstown Motors Corp. (NASDAQ: RIDE) and certain of its executives for securities fraud. Investors who purchased Lordstown shares between August 3, 2020 and March 24, 2021 and who lost money are strongly encouraged to contact Block &amp; Leviton attorneys at (617) 398-5600, via email at cases@blockleviton.com, or to visit our website for information on the case. The deadline to seek appointment as lead plaintiff is May 17, 2021. Before the markets opened on March 12, 2021, analyst Hindenburg Research published a scathing report on the electric light duty &hellip; Continue reading &quot;LAWSUIT FILED: Block &amp; Leviton LLP Reminds Investors it Has Filed a Lawsuit Against Lordstown Motors Corp. for Securities Fraud; Investors Who Lost Money Should Contact the Firm&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/lawsuit-filed-block-leviton-llp-reminds-investors-it-has-filed-a-lawsuit-against-lordstown-motors-corp-for-securities-fraud-investors-who-lost-money-should-contact-the-firm-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-07T20:03:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMzE1NyM0MTEwNDYzIzIwMTgxMTk=\" \/>\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=\"3 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\\\/lawsuit-filed-block-leviton-llp-reminds-investors-it-has-filed-a-lawsuit-against-lordstown-motors-corp-for-securities-fraud-investors-who-lost-money-should-contact-the-firm-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lawsuit-filed-block-leviton-llp-reminds-investors-it-has-filed-a-lawsuit-against-lordstown-motors-corp-for-securities-fraud-investors-who-lost-money-should-contact-the-firm-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"LAWSUIT FILED: Block &amp; 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(NASDAQ: RIDE) and certain of its executives for securities fraud. Investors who purchased Lordstown shares between August 3, 2020 and March 24, 2021 and who lost money are strongly encouraged to contact Block &amp; Leviton attorneys at (617) 398-5600, via email at cases@blockleviton.com, or to visit our website for information on the case. The deadline to seek appointment as lead plaintiff is May 17, 2021. Before the markets opened on March 12, 2021, analyst Hindenburg Research published a scathing report on the electric light duty &hellip; Continue reading \"LAWSUIT FILED: Block &amp; Leviton LLP Reminds Investors it Has Filed a Lawsuit Against Lordstown Motors Corp. for Securities Fraud; Investors Who Lost Money Should Contact the Firm\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/lawsuit-filed-block-leviton-llp-reminds-investors-it-has-filed-a-lawsuit-against-lordstown-motors-corp-for-securities-fraud-investors-who-lost-money-should-contact-the-firm-2\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-07T20:03:26+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMzE1NyM0MTEwNDYzIzIwMTgxMTk=","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\/lawsuit-filed-block-leviton-llp-reminds-investors-it-has-filed-a-lawsuit-against-lordstown-motors-corp-for-securities-fraud-investors-who-lost-money-should-contact-the-firm-2\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lawsuit-filed-block-leviton-llp-reminds-investors-it-has-filed-a-lawsuit-against-lordstown-motors-corp-for-securities-fraud-investors-who-lost-money-should-contact-the-firm-2\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"LAWSUIT FILED: Block &amp; 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