LISTEN: Lawsuit to Hamper Lordstown's Bankruptcy Plan
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The Ohio based EV company recently revealed that a partnership with Foxconn that intended to save it would actually result in bankruptcy.
But it\\u2019s how quickly that bankruptcy is permitted to take place that\\u2019s now the issue at hand.
After a fumbling Lordstown took a lifeline from Taiwan-based electronics company Foxconn, it was with the plan that two partners would advance the development and production of the Lordstown Endurance pickup truck. Instead, a disagreement between the two sides over funding led to a public spat, some lawsuits and, ultimately, Lordstown\\u2019s filing for Chapter 11.
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