{"id":475044,"date":"2021-04-12T17:04:08","date_gmt":"2021-04-12T21:04:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-lordstown-motors-corp-and-encourages-investors-to-contact-the-firm-before-may-17-2021\/"},"modified":"2021-04-12T17:04:08","modified_gmt":"2021-04-12T21:04:08","slug":"investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-lordstown-motors-corp-and-encourages-investors-to-contact-the-firm-before-may-17-2021","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-lordstown-motors-corp-and-encourages-investors-to-contact-the-firm-before-may-17-2021\/","title":{"rendered":"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Lordstown Motors Corp. and Encourages Investors to Contact the Firm Before May 17, 2021"},"content":{"rendered":"

<\/p>\n

INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Lordstown Motors Corp. and Encourages Investors to Contact the Firm Before May 17, 2021<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nThe law firm of Kirby McInerney LLP<\/a> reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Northern District of Ohio on behalf of those who acquired Lordstown Motors Corp. (\u201cLordstown\u201d or the \u201cCompany\u201d) (NASDAQ: RIDE<\/a>) securities from August 3, 2020 through March 24, 2021 (the \u201cClass Period\u201d). Investors have until May 17, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.\n<\/p>\n

\nBefore the markets opened on March 12, 2021, analyst Hindenburg Research published a research 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 $2.93 per share, or approximately 16.5%, from $17.71 per share to close at $14.78 per share on March 12, 2021.\n<\/p>\n

\nThen, 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 On this news, Lordstown shares fell by $2.08 per share, or approximately 13.8%, from $15.09 per share to close at $13.01 per share on March 18, 2021.\n<\/p>\n

\nIf you purchased or otherwise acquired Lordstown securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod<\/a> of Kirby McInerney LLP<\/a> at 212-371-6600, by email at investigations@kmllp.com<\/a>, or by filling out this contact form,<\/a> to discuss your rights or interests with respect to these matters without any cost to you.\n<\/p>\n

Kirby McInerney LLP<\/a> is a New York-based plaintiffs\u2019 law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm\u2019s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP\u2019s website: http:\/\/www.kmllp.com<\/a>.\n<\/p>\n

\nThis press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210412005946\/en\/<\/a><\/span><\/p>\n

\nKirby McInerney LLP
\n
Thomas W. Elrod, Esq.
\n
212-371-6600
\n
https:\/\/www.kmllp.com
\n<\/a>
investigations@kmllp.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Lordstown Motors Corp. and Encourages Investors to Contact the Firm Before May 17, 2021 NEW YORK–(BUSINESS WIRE)– The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Northern District of Ohio on behalf of those who acquired Lordstown Motors Corp. (\u201cLordstown\u201d or the \u201cCompany\u201d) (NASDAQ: RIDE) securities from August 3, 2020 through March 24, 2021 (the \u201cClass Period\u201d). Investors have until May 17, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. Before the markets opened on March 12, 2021, analyst Hindenburg Research published … <\/p>\n

Continue reading “INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Lordstown Motors Corp. and Encourages Investors to Contact the Firm Before May 17, 2021”<\/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-475044","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nINVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Lordstown Motors Corp. and Encourages Investors to Contact the Firm Before May 17, 2021 - 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\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-lordstown-motors-corp-and-encourages-investors-to-contact-the-firm-before-may-17-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Lordstown Motors Corp. and Encourages Investors to Contact the Firm Before May 17, 2021 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Lordstown Motors Corp. and Encourages Investors to Contact the Firm Before May 17, 2021 NEW YORK–(BUSINESS WIRE)– The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Northern District of Ohio on behalf of those who acquired Lordstown Motors Corp. (\u201cLordstown\u201d or the \u201cCompany\u201d) (NASDAQ: RIDE) securities from August 3, 2020 through March 24, 2021 (the \u201cClass Period\u201d). Investors have until May 17, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. Before the markets opened on March 12, 2021, analyst Hindenburg Research published … Continue reading "INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Lordstown Motors Corp. and Encourages Investors to Contact the Firm Before May 17, 2021"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-lordstown-motors-corp-and-encourages-investors-to-contact-the-firm-before-may-17-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-12T21:04:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210412005946r1&sid=flmnd&distro=nx&lang=en\" \/>\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\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-lordstown-motors-corp-and-encourages-investors-to-contact-the-firm-before-may-17-2021\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-lordstown-motors-corp-and-encourages-investors-to-contact-the-firm-before-may-17-2021\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Lordstown Motors Corp. and Encourages Investors to Contact the Firm Before May 17, 2021\",\"datePublished\":\"2021-04-12T21:04:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-lordstown-motors-corp-and-encourages-investors-to-contact-the-firm-before-may-17-2021\\\/\"},\"wordCount\":520,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-lordstown-motors-corp-and-encourages-investors-to-contact-the-firm-before-may-17-2021\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210412005946r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-lordstown-motors-corp-and-encourages-investors-to-contact-the-firm-before-may-17-2021\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-lordstown-motors-corp-and-encourages-investors-to-contact-the-firm-before-may-17-2021\\\/\",\"name\":\"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Lordstown Motors Corp. and Encourages Investors to Contact the Firm Before May 17, 2021 - 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(\u201cLordstown\u201d or the \u201cCompany\u201d) (NASDAQ: RIDE) securities from August 3, 2020 through March 24, 2021 (the \u201cClass Period\u201d). Investors have until May 17, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. 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