Lordstown Motors, Inc.

On November 16, 2023, United States District Judge Benita Y. Pearson of the Northern District of Ohio appointed Faruqi & Faruqi, LLP, as sole lead counsel in Lim v. Hightower, et al., 23-cv-1454-BYP. The suit centers on false and misleading statements made about Lordstown Motor Inc.’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 (the “JV Agreement”)] and quickly soured.”

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.