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District Court Affirms Bankruptcy Decision Allowing Nu Ride Inc.'s Adversary Claims Against Foxconn to Proceed
- The United States District Court for the District of Delaware affirmed the Bankruptcy Court's decision regarding Foxconn's Adversary Motion to Dismiss, which was partially granted and partially denied.
- Nine claims against Foxconn for fraud, breach of the investment agreement, and tortious interference will proceed after the ruling.
- The Company initiated adversary proceedings against Foxconn in June 2023 for alleged fraudulent conduct, tortious conduct, and breaches of agreements.
- The Company believes Foxconn's actions have caused substantial harm and intends to vigorously pursue litigation for damages.
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District Court Affirms Bankruptcy Decision Allowing Nu Ride Inc.'s Adversary Claims Against Foxconn to Proceed
NEW YORK, Sept. 15, 2025 /PRNewswire/ -- Nu Ride Inc. ("Nu Ride" or the "Company") (OTCMKTS: NRDE), formerly known as Lordstown Motors Corp., announced that on September 12, 2025, the United States District Court for the District of Delaware affirmed…
Coverage Details
Total News Sources45
Leaning Left6Leaning Right4Center12Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 27%
C 55%
R 18%
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