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Sam Farrar v. Workhorse Group, Inc. et al
Case Number:
2:21-cv-02072
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
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February 15, 2023
Electric Truck Co. Investor Suit Gets Initial OK For $35M Deal
A California federal judge gave his preliminary approval to a $35 million cash-and-stock settlement between electric-truck maker Workhorse Group Inc. and its investors, and also approved attorney fees of up to 25% of the settlement fund for lead counsel from Kahn Swick & Foti LLC.
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January 13, 2023
Electric Truck Co. Inks $35M Deal To End Contract Boasts Suit
Investors have asked a California federal judge to bless a $35 million cash-and-stock settlement in their proposed class action accusing electric-truck maker Workhorse Group Inc. of overhyping its production capabilities and its prospects for winning a multibillion-dollar contract to revamp the U.S. Postal Service's delivery fleet.
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December 03, 2021
Electric Truck Co. Must Face Claims It Inflated Biz Prospects
A California federal judge has said that electric-truck maker Workhorse Group Inc. must face proposed class claims that it misled investors by overhyping its production capabilities and its prospects for winning a multibillion-dollar contract to revamp the U.S. Postal Service's delivery fleet.
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March 08, 2021
Investors Say Automaker's USPS Contract Boast Cost $2B
Workhorse Group Inc. misled investors about the likelihood of the U.S. Postal Service selecting its electric vehicles for a $6 billion delivery vehicle contract, leading to an inflated stock price and causing investors losses of $2 billion, according to a proposed class action filed in California federal court Monday.