Lordstown Paying $10M Over The Endurance Scandal

By the way, it's the first time I see any company voluntarily pays to investors being under Chapter 11 reorganization.

I think if you checked some even general news back then, you heard about that Endurance scandals. First, that it burst into flames while testing (just in 10 min – endurance for sure!). Moreover, their pre-orders not binding, some customers unable to purchase and production not on track for September 2021.

And for now they decided to resolve all that with $10M settlement. It's also said that: "All persons, who purchased Lordstown's publicly traded Class A Common Stock, Warrants, Units, or Put & Call Options from August 3, 2020, through July 2, 2021, or held Lordstown’s publicly traded Class A Common Stock on September 21, 2020, and were damaged, are eligible for payouts in this settlement."

So if you were damaged somehow, you can file for it here or through the settlement administrator.

Btw, what were your losses for RIDE? Hope you didn't get in on $400