Ex-Lordstown Motors CEO settles with SEC over statements By Reuters
March 22, 2024
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© Reuters. FILE PHOTO: A Lordstown Motors Endurance electric pick-up truck is seen on display at Foxconn’s electric vehicle production facility in Lordstown, Ohio, U.S. November 30, 2022. REUTERS/Quinn Glabicki/File Photo
(Reuters) – The U.S. Securities and Exchange Commission sued ex-Lordstown Motors Chief Executive Stephen Burns on Friday, over when it said were inaccurate statements when the electric vehicle maker went public in 2020.
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© Reuters. FILE PHOTO: A Lordstown Motors Endurance electric pick-up truck is seen on display at Foxconn’s electric vehicle production facility in Lordstown, Ohio, U.S. November 30, 2022. REUTERS/Quinn Glabicki/File Photo
(Reuters) – The U.S. Securities and Exchange Commission sued ex-Lordstown Motors Chief Executive Stephen Burns on Friday, over when it said were inaccurate statements when the electric vehicle maker went public in 2020.
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