Faruqi & Faruqi Appointed Sole Lead Counsel to Represent Lordstown Motors, Inc. Shareholders in Securities Class Action

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.”  

For further inquiries regarding this matter, please contact James M. Wilson, Jr. at jwilson@faruqilaw.com or (212) 983-9330. 

A copy of the Court’s order is linked below.