Lion Electric Shareholder Lawsuit

This is a news story, published by financialpost, that relates primarily to Lion Electric news.

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Lion Electric creditor protection

financialpost

•

Business

Business & Economics

Lion Electric shareholders file class-action against struggling EV manufacturer

Summary

Nutrition label

69% Informative

The proposed lawsuit claims Lion Electric hid facts and details about its order book and production capacity from investors.

Shareholders say the company’s alleged actions led to huge financial losses for them.

Lion Electric obtained protection from its creditors in December and is seeking a buyer with a restructuring plan that would focus only on school buses.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful