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Workhorse discloses it was 'orally informed' of DOJ probe, but has not been subpoenaed

·1 min read
Workhorse discloses it was 'orally informed' of DOJ probe, but has not been subpoenaed
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Workhorse Group Inc. disclosed in a filing with the Securities and Exchange Commission that it has been "orally informed" last week by the U.S. Department of Justice that it was the subject of a DOJ investigation, related to an SEC probe. Meanwhile, the stock bounced 4.8%, after falling 15.7% over the previous three sessions, amid a broad rally in electric vehicle-related stocks in the wake of the passage of the infrastructure bill. The SEC had recently asked the electric van maker to "voluntari