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PHILADELPHIA, May 28, 2021 (GLOBE NEWSWIRE) -- Kehoe Law Firm, P.C. is investigating whether certain officers and/or directors of Lordstown Motors Corp. (“Lordstown Motors”) (NASDAQ: RIDE) breached their fiduciary duties to Lordstown Motors and the Company’s shareholders.
The investigation concerns whether Lordstown Motors made false and/or misleading statements about pre-orders for its EV truck. Hindenburg Research reported, among other things, that Lordstown Motors’ pre-orders were “largely fictitious and used as a prop to raise capital and confer legitimacy.”
IF YOU HAVE HELD LORDSTOWN MOTORS STOCK CONTINUOUSLY SINCE AT LEAST SEPTEMBER 2020 AND WISH TO DISCUSS KEHOE LAW FIRM’S INVESTIGATION OR HAVE QUESTIONS ABOUT YOUR POTENTIAL LEGAL RIGHTS, PLEASE CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, MYARNOFF@KEHOELAWFIRM.COM, INFO@KEHOELAWFIRM.COM, TO LEARN MORE ABOUT THE INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
Kehoe Law Firm, P.C., with offices in New York and Philadelphia, is a multidisciplinary, plaintiff–side law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct. Combined, the partners at Kehoe Law Firm have served as Lead Counsel or Co-Lead Counsel in cases that have recovered more than $10 billion dollars on behalf of institutional and individual investors.
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