The SEC wants $45 million from bankrupt Lordstown Motors

-

Bankrupt EV startup Lordstown Motors could be on the hook for $45 million for violating federal securities laws. The Securities and Exchange Commission filed a claim for that amount in Lordstown Motors’ Chapter 11 bankruptcy proceedings last week, though the startup says it is still engaged in settlement talks with the agency. If the SEC […]

© 2023 TechCrunch. All rights reserved. For personal use only.



Comments

Post a Comment

Popular posts from this blog

What’s going on with the new bill that could ban TikTok?

-
TikTok faces an uncertain fate in the U.S. once again. After a surprise flurry of activity in the House this week, TikTok is the target of a new government push to separate the company from its Chinese ownership or force it out of the country. TikTok is based in Los Angeles and Singapore, but is […] © 2024 TechCrunch. All rights reserved. For personal use only.
Read more

Large language models can help home robots recover from errors without human help

-
There are countless reasons why home robots have found little success post-Roomba. Pricing, practicality, form factor and mapping have all contributed to failure after failure. Even when some or all of those are addressed, there remains the question of what happens when a system makes an inevitable mistake. This has been a point of friction […] © 2024 TechCrunch. All rights reserved. For personal use only.
Read more