SHAREHOLDER ALERT: Levi & Korsinsky Notifies Lordstown Motors Corp.(RIDEQ) Investors of a Class Action Lawsuit and Upcoming Deadline

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31 Aug, 2023, 05:45 ET

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NEW YORK, Aug. 31, 2023 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Lordstown Motors Corp. ("Lordstown" or the "Company") (OTC Other: RIDEQ) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Lordstown investors who were adversely affected by alleged securities fraud between August 4, 2022 and June 26, 2023. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/lordstown-lawsuit-submission-form?prid=45474&wire=4

RIDEQ investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

CASE DETAILS: According to the complaint, defendants repeatedly made and/or caused Lordstown to make false and/or misleading statements about Lordstown's relationship with Hon Hai Technology Group ("Foxconn") suggesting, or in some instances, representing that Foxconn was working cooperatively with Lordstown when in fact, the partnership had stalled soon after the execution of a joint venture agreement and quickly soured.

WHAT'S NEXT? If you suffered a loss in Lordstown during the relevant time frame, you have until September 25, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:Levi & Korsinsky, LLP Joseph E. Levi, Esq.Ed Korsinsky, Esq.55 Broadway, 4th Floor Suite #427New York, NY 10006[email protected]Tel: (212) 363-7500Fax: (212) 363-7171www.zlk.com

SOURCE Levi & Korsinsky, LLP