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Lordstown Shares Tumble After Justice Department Joins SEC Investigation

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The U.S. Department of Justice will join the SEC in probing allegations on inaccuracies of public disclosures against truck preorders of Electric truck startup Lordstown Motors Corp’s (NASDAQ: RIDE), the Wall Street Journal reported. The CEO and CFO of the company had recently resigned after Hindenburg Research raised concerns regarding the accuracy of certain statements about the company’s pre-orders.

...read full article on Benzinga

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