October 02, 2023
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.
September 22, 2023
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.
August 28, 2023
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.
August 22, 2023
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."
August 15, 2023
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.
August 03, 2023
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.
July 27, 2023
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.
June 28, 2023
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.
June 27, 2023
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.