Lordstown Motors bankruptcy court allows Karma lawsuit trial, finalizes NOL trading procedures

NU RIDE INC.

Bankruptcy Court modified automatic stay to let Karma Automotive LLC's trade-secret lawsuit proceed to jury trial.
Karma seeks substantial monetary damages that 'significantly exceed' Lordstown's accrual and ability to pay.
Final NOL order restricts equity transfers by Substantial Stockholders (≥4.5% ownership, ~717,502 common shares).
Prohibited transfers of common or preferred stock are void ab initio and may lead to contempt sanctions.
Company warns common stock 'may have little or no value' and urges extreme caution in trading.

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