---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-029680"
form_type: "8-K"
ticker: "NRDE"
cik: "0001759546"
company_name: "NU RIDE INC."
filed_at: "2024-03-01T23:59:59+00:00"
generated_at: "2026-06-05T05:41:26.407364+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# SEC settles with Lordstown Motors for $25.5M disgorgement, contingent on plan confirmation

## Summary
- SEC approved cease-and-desist order on Feb 29, 2024, requiring $25.5M disgorgement for securities law violations; company consented.
- Disgorgement deemed satisfied upon Chapter 11 plan confirmation funding $3-10M to Ohio securities class and $15.5M to Delaware class.
- Company to pay at least $3M into escrow for Ohio securities class on effective date of plan.
- Former directors seek $3.5M indemnification from company for Delaware class action; amount not yet resolved.
- Bankruptcy court hearing on plan confirmation scheduled for March 5, 2024.

## SEC filing metadata
- accession: 0001104659-24-029680
- form_type: 8-K
- ticker: NRDE
- cik: 0001759546
- company_name: NU RIDE INC.
- filed_at: 2024-03-01T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1759546/000110465924029680/0001104659-24-029680-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1759546/000110465924029680/tm247705d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-029680
- JSON: https://secwatch.observer/filing/0001104659-24-029680.json
- Plain text: https://secwatch.observer/filing/0001104659-24-029680.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.