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Within the criticism, Lordstown accused Foxconn of fraudulent conduct plus a series of broken claims in failing to abide by an arrangement to take a position approximately $one hundred seventy million in the electric-auto company.
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Shares of Lordstown tumbled 35% in buying and selling about the Nasdaq. The company's bankruptcy is not the 1st Amongst the crop of EV startups that went community through the pandemic-period SPAC growth.
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