Sign In
id: 1156

Lordstown (NRDE) settles up to $10 million with investors

N.D. Ohio
Court
4:21-cv-00616
Case number
03 Aug 2020
Class period Start
02 Jul 2021
Class period End
20 Jul 2024
Claim deadline
Lordstown Motors $NRDE settles up to $10 million with investors to end claims over overstating Endurance launch progress.
Alleged Offence
Misleading Statements
Financial Misrepresentation
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Payout per Share
0.045
Filing date
18 March 2021
Plaintiffs
Matthew Rico, Sulayman Zuod, Jesse Brury, Raymond Romano
Attorneys
Entwistle & Cappucci LLP (Austin, TX), Hagens Berman Sobol Shapiro LLP (Berkeley, CA), Labaton Sucharow LLP (New York, NY), The Rosen Law Firm, P.A. (New York, NY), The Schall Law Firm (Los Angeles, CA)
Defendants
Stephen S. Burns, Rich Schmidt, Julio Rodriguez, Michael Fabian, Andrew C. Richardson, David T. Hamamoto, Judith A. Hannaway, Steven R. Hash, Shane Brown, Darren Post, Shane Brown, Caimin Flannery
Judge
Hon. Patricia A. Gaughan
Administrator
Strategic Claims Services
Settlement agreement date
2024-03-06
Court hearing date
11 June 2024
Exclusion deadline
21 May 2024
Objection deadline
21 May 2024
Hearing deadline
21 May 2024
Trades matching type
FIFO
+$10,000,000
Total Settlement Amount

Frequently Asked Questions

    Ticker
    NRDE.US