EV maker Lordstown plans to sue Foxconn over funding dispute

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 9/1/2026

1. SPY
2. MDT
3. ENOV
4. AON
5. AZN
6. BLSM
7. KRMN
8. GRMN
9. GPRO
10. VRSK

Go back to EV maker Lordstown plans to sue Foxconn over funding dispute

Lordstown (RIDE) plans lawsuit against Foxconn over stake dispute

June 9, 2023 7:56 AM EDT

Ohio-based Lordstown Motors (NASDAQ: RIDE) revealed Friday plans to take legal action Foxconn, one of its prominent investors. The objective of this lawsuit is to ensure that Foxconn fulfills its commitment to acquiring approximately 10% of the shares of this emerging electric vehicle... More