Case: Lordstown Motors Corp.
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NEW YORK, NY – March 12, 2021 – Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Lordstown Motors Corp. (“Lordstown” or the “Company”) (NASDAQ: RIDE).

On March 12, 2021, Hindenburg Research published a report entitled “The Lordstown Motors Mirage: Fake Orders, Undisclosed Production Hurdles, And A Prototype Inferno.” Hindenburg alleges, among other things that “Lordstown is an electric vehicle SPAC with no revenue and no sellable product, which we believe has misled investors on both its demand and production capabilities.”  Hindenburg also alleges that “[t]he company has consistently pointed to its book of 100,000 pre-orders as proof of deep demand for its proposed EV truck” although “[Hindenburg’s] conversations with former employees, business partners and an extensive document review show that the company’s orders are largely fictitious and used as a prop to raise capital and confer legitimacy.”

Following the issuance of the Hindenburg Research report, Lordstown’s shares fell $2.93 per share, about 16.5%, to close at $14.78 per share on March 12, 2021.

If you purchased or otherwise acquired Lordstown securities and would like to discuss our investigation, please contact us by emailing This e-mail address is being protected from spambots. You need JavaScript enabled to view it or by calling (646) 315-9003. 

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.  If you have any questions about this investigation, your rights, or your interests, please contact:

Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(212) 329-8571
E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax:  (415) 772-4707
E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 


NEW YORK, NY – February 19, 2021 – Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of CleanSpark, Inc. (“CleanSpark” or the “Company”) (NASDAQ: CLSK).  A complaint has been filed on behalf of investors who purchased CleanSpark securities between December 31, 2020 and January 14, 2021 (the “Class Period”).

On January 14, 2021, Culper Research published a report entitled "Cleanspark (CLSK): Back to the Trash Can."  According to the Culper Research report, “CleanSpark’s promotional charade has spanned marijuana, clean energy, “SaaS”, electric vehicles, and, most recently, bitcoin.”

According to the complaint, the Culper Research report claims that CleanSpark has "fabricated key elements of its business, including purported customers and contracts" and that the Company is also "rife with undisclosed related party transactions."  For example, the Culper Research report alleges the entire February 2020 acquisition of p2k Labs, Inc. is “another undisclosed related party transaction, as CleanSpark’s CFO Lori Love is found on p2k’s corporate documents since at least November 2018, well before joining CleanSpark and the p2k acquisition.”  Further, the report alleges that “[i]n effect, CleanSpark appears to have purchased the side business of its CFO, with zero relevance to the Company’s supposed clean energy mission.” 

Following this news, CleanSpark's stock price fell $3.63 per share, or 9.23%, to
close at $35.71 per share on January 14, 2021.

If you are a member of the proposed Class, you may move the court no later than March 22, 2021 to serve as a lead plaintiff for the purported class.  You need not seek to become a lead plaintiff in order to share in any possible recovery.  If you would like to discuss the complaint or our investigation, please contact us by emailing This e-mail address is being protected from spambots. You need JavaScript enabled to view it or by calling (646) 315-9003

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.  If you have any questions about this Notice, your rights, or your interests, please contact:

Donald R. Hall

KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(646) 315-9003
E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612

(415) 772-4704
Fax:  (415) 772-4707
E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it