Los Angeles, CA - 
(NewMediaWire) - April 23, 2021 - The Schall
Law Firm, a national shareholder rights
litigation firm, reminds investors of a class action lawsuit against Lordstown
Motors Corp. (“Lordstown Motors” or “the Company”) (NASDAQ: RIDE) for violations of §§10(b)
and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated
thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the
Company's securities between August 3, 2020 and March 24, 2021, inclusive (the
''Class Period''), are encouraged to contact the firm before May 17,
2021.
If you are a shareholder who
suffered a loss, click here to participate.
We also encourage you to
contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite
2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of
charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class, in this case, has
not yet been certified, and until certification occurs, you are not represented
by an attorney. If you choose to take no action, you can remain an absent class
member.
According to the Complaint, the
Company made false and misleading statements to the market. Lordstown’s
supposed orders were in fact non-binding. Many of the customers who made these
purported pre-orders either could not afford the vehicles, or would not have
need of the Company’s Endurance truck. The Company is not “on track” to enter
production of the Endurance in September 2021. In fact, the first test run of
the vehicle resulted in it being engulfed in fire. Based on these facts, the
Company’s public statements were false and materially misleading throughout the
class period. When the market learned the truth about Lordstown, investors
suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents
investors around the world and specializes in securities class action lawsuits
and shareholder rights litigation.
This press release may be
considered Attorney Advertising in some jurisdictions under the applicable law
and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com
SOURCE:
The Schall Law Firm
