Lordstown: Bankrupt Lordstown Motors to pay $25.5 million to settle SEC probe
Bankrupt electric vehicle manufacturer Lordstown Motors Corp. agreed to pay $25.5 million to settle U.S. Securities and Exchange Commission allegations that the firm exaggerated the demand for its electric pickup truck.
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Lordstown is an Ohio-based automotive company that designs, manufactures, and distributes electric pickup trucks for the commercial market.
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