Scott+Scott Attorneys at Law LLP Investigates Lordstown Motors Corp.’s Directors and Officers for Breach of Fiduciary Duties – RIDE, DPHCU

NEW YORK--(BUSINESS WIRE)--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, is investigating whether certain directors and officers of Lordstown Motors Corp. (“Lordstown”) (NASDAQ: RIDE); f/k/a DiamondPeak Holdings Corp. (“DiamondPeak”) (NASDAQ: DPHCU) breached their fiduciary duties to DiamondPeak and its shareholders. If you were a DiamondPeak shareholder, you may contact attorney Joe Pettigrew for additional information toll-free at 844-818-6982 or [e-mail].

Scott+Scott is investigating whether DiamondPeak’s board of directors or senior management failed to manage DiamondPeak in an acceptable manner, in breach of their fiduciary duties to DiamondPeak’s shareholders, and whether DiamondPeak’s shareholders suffered damages as a result.

On October 23, 2020, DiamondPeak closed a merger transaction, with Lordstown continuing as the successor entity. On March 12, 2021, Hindenburg Research issued a report claiming that Lordstown had misleadingly overstated the number of pre-orders it had received for its electric vehicles. On March 17, 2021, Lordstown reported it received an inquiry on its operations from the United States Securities and Exchange Commission.

What You Can Do

If you were a DiamondPeak shareholder, you may have legal claims against DiamondPeak’s directors and officers. If you wish to discuss this investigation or have questions about this notice or your legal rights, please contact attorney Joe Pettigrew toll-free at 844-818-6982 or [e-mail].

About Scott+Scott

Scott+Scott has significant experience in prosecuting major securities, antitrust, and consumer rights actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Amsterdam, Connecticut, Virginia, California, and Ohio.

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