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Daniel Cohen et al v. Duane Hughes et al
Case Number:
2:21-cv-08734
Court:
Nature of Suit:
Multi Party Litigation:
Derivative Litigation
Judge:
Firms
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June 30, 2023
EV Truck Co. Brass, Investors End Derivative Suit For $12.5M
Electric-truck maker Workhorse Group Inc. has reached a $12.5 million settlement in a shareholder derivative action that alleged directors and former executives breached their fiduciary duty during a tumultuous 2021 when the company lost its bid for a lucrative federal contract, faced two government investigations and recalled some vehicles.
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March 21, 2022
Former Electric-Truck Co. Execs Rip Suit Over USPS Contract
Electric-truck maker Workhorse Group Inc.'s board directors and former top brass have asked a California federal judge to dismiss a shareholder derivative suit alleging they misled investors about Workhorse's production capabilities and prospects for winning a multibillion-dollar contract to replace the U.S. Postal Service's delivery fleet.