Welcome to our dedicated page for Nu Ride news (Ticker: NRDE), a resource for investors and traders seeking the latest updates and insights on Nu Ride stock.
Nu Ride Inc. ("Nu Ride" or the "Company") (OTCMKTS: NRDE) is a U.S. auto manufacturers company in the consumer cyclical sector that trades on the OTC Pink Market following its emergence from Chapter 11 bankruptcy under a confirmed plan of reorganization. This news page aggregates press releases and other coverage related to Nu Ride Inc.’s corporate developments, governance decisions, and legal proceedings.
Recent news for Nu Ride Inc. has focused on its post‑reorganization trajectory and litigation matters. The company has highlighted its adversary proceeding against Foxconn in the United States Bankruptcy Court for the District of Delaware, where it asserts claims for fraud, alleged breaches of an investment agreement, and tortious interference. Court decisions on Foxconn’s motion to dismiss, subsequent appeals, and the affirmation by the United States District Court for the District of Delaware are key topics in the company’s news flow.
Nu Ride Inc. also issues news about its leadership and governance. The appointment of Alexander Matina as Chief Executive Officer, President, Treasurer and Secretary, and the related transition from prior management provided by M3 Partners, has been announced through company press releases and corresponding Form 8-K filings. Additional updates include the retention of litigation counsel for the Foxconn matter and developments in the company’s general unsecured creditor claims reserve approved by the Bankruptcy Court.
Investors and observers who follow NRDE news can use this page to review company statements on its legal strategy, board and management changes, and significant court rulings affecting its operations, assets and liabilities. For those tracking Nu Ride Inc.’s evolution after Chapter 11, this news feed serves as a centralized view of its publicly reported milestones and ongoing proceedings.
Nu Ride (OTCMKTS: NRDE) has announced the appointment of Alexander Matina as its new Chief Executive Officer, effective immediately. Matina, a current board member and Managing Member of LANECR Consulting LLC, succeeds William Gallagher, who served as CEO since the company's emergence from Chapter 11 proceedings in March 2024.
The leadership transition comes as Nu Ride, formerly known as Lordstown Motors Corp., seeks to move in new directions following its post-bankruptcy reorganization. Matina brings significant experience in leadership, public company management, and strategic transactions, including his previous role as Portfolio Manager at MFP Investors LLC and directorships at various public and private companies.
Nu Ride Inc. (OTCMKTS: NRDE), formerly Lordstown Motors Corp., received affirmation from the U.S. District Court of Delaware regarding a previous Bankruptcy Court decision in its ongoing litigation against Foxconn. The court ruling, issued on September 12, 2025, allows nine of the company's claims to proceed, including allegations of fraud, breach of investment agreement, and tortious interference.
The litigation, which began on June 27, 2023, stems from alleged fraudulent and tortious conduct by Foxconn. While two claims were dismissed in favor of arbitration, the majority of Nu Ride's claims survived Foxconn's motion to dismiss. The company maintains that Foxconn's actions have significantly damaged its operations and prospects, though it cautions that there are no guarantees regarding sufficient resources to pursue the litigation or potential recoveries.
Nu Ride Inc. (OTCMKTS: NRDE), formerly known as Lordstown Motors Corp., has retained Susman Godfrey LLP as its litigation counsel in ongoing legal proceedings against Foxconn. The engagement will be led by Justin A. Nelson, a partner at the law firm. This announcement underscores Nu Ride's commitment to pursuing its legal rights vigorously. For more information, interested parties can visit Nu Ride's website or the SEC's EDGAR database. Inquiries may be directed to 'inquiries@nurideinc.com'.
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