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Nu Ride Inc.

  1. October 02, 2023

    Lordstown Gets $10M Bid From Ex-CEO In Ch. 11 Asset Sale

    Electric truck maker Lordstown Motors Corp. asked a Delaware bankruptcy judge for permission to sell its assets for $10 million to company founder Stephen S. Burns, saying an entity controlled by the former CEO made the only qualified bid.

  2. September 22, 2023

    EV Maker Says Richards Layton Can Represent It In Ch. 11

    Lordstown Motors is defending its proposed retention of Richards Layton & Finger PA as its bankruptcy co-counsel, disputing the federal bankruptcy watchdog's contention that a conflict exists that should disqualify the Delaware firm from representing the electric-truck maker in its Chapter 11.

  3. August 28, 2023

    EV Maker Survives Foxconn's Attempt To End Ch. 11 Case

    Ohio-based electric vehicle maker Lordstown Motors Group survived a motion to dismiss its bankruptcy case Monday when a Delaware judge said the company's efforts to liquidate assets in Chapter 11 was a valid use of the insolvency court.

  4. August 22, 2023

    Lordstown Defends Ch. 11 After Foxconn Alleges Bad Faith

    Lordstown Motors Corp. said it expects to file its Chapter 11 plan in Delaware "in the very near term," saying that an accusation from Foxconn that the electric-truck maker was filing in bad faith "is clearly calculated to bleed the debtors with litigation expense."

  5. August 15, 2023

    Lordstown Strikes $40M Deal In Karma EV IP Case

    Bankrupt electric truck maker Lordstown Motors Corp. has reached a $40 million deal to settle allegations that it stole technology and employees from Karma Automotive, according to a motion filed Tuesday in Delaware.

  6. August 03, 2023

    Lordstown Pulls In 13 Sale Proposals Despite Karma IP Fight

    Bankrupt electric automaker Lordstown Motors told a Delaware judge Thursday that it has received 13 indications of interest from potential bidders in its Chapter 11 sale process, leading the court to approve most of its proposed bidding procedures despite an upcoming trial over trade secret claims.

  7. July 27, 2023

    IP Trial To Proceed Over $900M Claim Against Lordstown

    A Delaware bankruptcy judge on Thursday granted a motion to lift an automatic stay to allow a $900 million intellectual property suit to proceed to trial against debtor Lordstown Motors Corp., while delaying approval of Chapter 11 bidding procedures to see if any potential transactions will implicate the property.

  8. June 28, 2023

    Foxconn Pokes Back At Lordstown's Del. Ch. 11 Grievances

    An attorney for Foxconn took issue Wednesday with bankrupt Lordstown Motors Corp. claims against the global manufacturing giant during a case-opening Chapter 11 hearing in Delaware, questioning the debtor's early effort to blame Foxconn for the electric truck startup's costly stall.

  9. June 27, 2023

    Lordstown Motors Hits Ch. 11, Launches Suit Against Foxconn

    Electric truck maker Lordstown Motors Corp. and its affiliates have sputtered into Chapter 11 in Delaware, aiming for a strategic asset sale while pursuing an 11-count bankruptcy adversary suit alleging billions in damages against Foxconn EV Technology Inc., its Taiwan-based parent Hon Hai Precision Industry Co., and others.

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