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. (NRDE) provides centralized access to official announcements from this restructured electric vehicle manufacturer. Track financial disclosures, operational updates, and strategic developments through verified press releases and regulatory filings.
This resource delivers essential information for monitoring corporate restructuring progress, litigation updates, and technological advancements in EV engineering. Find timely reports on partnership agreements, manufacturing milestones, and leadership decisions directly from the company.
All content is maintained to meet financial compliance standards while ensuring clarity for both professional investors and industry observers. Bookmark this page for efficient tracking of NRDE's evolving position in the competitive automotive sector.
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'.
FAQ
What is the current stock price of Nu Ride (NRDE)?
What is the market cap of Nu Ride (NRDE)?
