Lordstown: Lordstown Ex-CEO to Pay SEC Fine for Allegedly Inflating Demand
Lordstown Motors Corp.'s former chairman and CEO settled fraud charges brought by the US Securities and Exchange Commission and agreed to pay a $175,000 civil penalty, without admitting or denying wrongdoing, according to court filings.
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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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