Rico v. Lordstown Motors Corp.

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF OHIO EASTERN DIVISION ) ) ) CASE NO. 4:21 CV 616 In re: Lordstown Motor Corp. ) Securities Litigation ) JUDGE PATRICIA A. GAUGHAN ) ) ) Memorandum of Opinion and Order INTRODUCTION This matter is before the Court upon Plaintiffs’ Motion for a Partial Lifting of the PSLRA Discovery Stay Pursuant to 15 U.S.C. § 78u-4(b)(3)(B). This is a securities fraud case. For the reasons that follow, the motion is DENIED. ANALYSIS Plaintiffs bring this consolidated class action under the Securities Act of 1934, alleging that defendants misrepresented to…