SEC files $45M proof of claim in Lordstown Motors bankruptcy for securities violations

NU RIDE INC.

SEC filed a $45M proof of claim in Lordstown Motors' Chapter 11 case for alleged securities law violations.
Company disputes the claim and continues settlement discussions with the SEC.
Recovery by SEC would reduce any distributions to stockholders; company warns stock may have little or no value.
Bankruptcy case filed June 27, 2023; Chapter 11 jointly administered as In re: Lordstown Motors Corp., et al.

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