The lawsuit says the company “made untrue declarations of material fact” and omitted other info that caused financiers to pay for artificially inflated rates for the companys shares.Company authorities did not return e-mails seeking remark for this story.The suit comes simply days after monetary analyst Hindenburg Research composed a report that brought the headline: “The Lordstown Motors Mirage: Fake Orders, Undisclosed Production Hurdles and a Prototype Inferno.” The report, cited throughout the claim, states the very first test drive of the businesss flagship truck, Endurance, burst into flames 10 minutes after it struck the road.” Adding in the interest we have from federal, state, local and military fleets on top of that, I believe you can see why we feel that we are about to revolutionize the pickup truck industry,” Burns stated in the statement.In an interview with MSNBC on Thursday, Burns said the pre-orders were merely to assess interest in the vehicles.

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