Files lawsuit against Foxconn that alleges fraud and repeated contractual breaches.
Electric vehicle (EV) startup Lordstown Motors Corp. (NASDAQ:RIDE), and it was filing for chapter 11 bankruptcy protection to begin a strategic restructuring process and a lawsuit again its strategic partner the iPhone manufacturer Foxconn. The company is seeking a buyer for its Endurance all-electric pickup truck.
Lordstown today filed litigation against global technology company Hon Hai Technology Group (TWSE: 2317; LSE:HHPD) and some of its affiliates, including Foxconn Ventures Pte. Ltd. in the United States Bankruptcy Court for the District of Delaware. Lordstown Motors filing alleges fraud and Foxconn’s
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