- July 16, 2021
- Posted by: Stratford Team
- Category: Business
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Electric-truck startup Lordstown Motors Corp. confirmed the Justice Department is probing its business, investigating matters related to its reverse merger deal last year and preorders for its forthcoming pickup truck, the Endurance.
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In a regulatory filing Thursday, the company said it had been informed by the U.S. attorney’s office in Manhattan of its investigation, which follows one initiated by the U.S. Securities and Exchange Commission.
The Wall Street Journal first reported the Justice Department’s inquiry earlier this month.
Signage outside Lordstown Motors Corp. headquarters in Lordstown, Ohio, U.S., on Saturday, May 15, 2021. (Bloomberg via Getty Images)
A spokesman for the Justice Department declined to comment.
Lordstown Motors didn’t have an immediate comment. A spokesman said earlier this month the company is committed to cooperating with any investigations…