
American Airlines asked a Texas federal judge to ground a proposed class action involving ESG policies in retirement plans, citing 'no evidence' that the airline breached fiduciary duty. Under Armour has lost a bid to defeat a securities class action before trial on grounds that 'investors suing lacked proof' of misleading statements about consumer demand and other metrics. The SEC charged Lordstown Motors Corp with misleading investors about the sales prospects of its electric pickup truck, the Endurance. Without admitting or denying the SEC’s findings, Lordstown agreed to a cease-and-desist order and will pay $25.5 million in disgorgement.
Lordstown Motors charged with misleading investors about the sales potential of its EV pickup: https://t.co/mcWaz42iq4 by TechCrunch #infosec #cybersecurity #technology #news
Lordstown Motors charged with misleading investors about the sales potential of its EV pickup https://t.co/Z56gwcAF5u
NEW: Bankrupt EV startup Lordstown Motors charged by the SEC for misleading investors about the Endurance pickup. Investigation remains ongoing. $RIDEQ https://t.co/UnshJ9ZL0e




