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SAN FRANCISCO, Feb. 22, 2022 /PRNewswire/ — Schubert Jonckheer & Kolbe LLP is investigating potential derivative claims on behalf of shareholders of Workhorse Group Inc. (NASDAQ: WKHS) related to the company’s possible false statements regarding its failed attempt to win a key contract with the United States Postal Service (“USPS”) worth between $6.3 and $8 billion and related misconduct. Between approximately March 2020 and May 2021, investors allege that Workhorse misled them regarding its production capabilities, its backlog of vehicle orders, and the likelihood the USPS would award Workhorse its Next Generation Delivery Vehicle (“NGDV”) contract, which sought to replace about 165,000 aging USPS delivery vehicles.
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