February 15, 2023
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.
January 13, 2023
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.
December 03, 2021
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.
March 08, 2021
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.