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Lordstown Motors discloses Justice Department investigation
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Electric-truck startup Lordstown Motors Corp. confirmed the Justice Department is probing its business, investigating matters related to its reverse merger deal last year and preorders for its forthcoming pickup truck, the Endurance.
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In a regulatory filing Thursday, the company said it had been informed by the U.S. attorney’s office in Manhattan of its investigation, which follows one initiated by the U.S. Securities and Exchange Commission.
The Wall Street Journal first reported the Justice Department’s inquiry earlier this month.