Lordstown-Foxconn Rift Focus of Investor Suit Revival Bid (1)

An appellate judge squeezed Lordstown Motors Corp. on whether knowledge of Foxconn Technology Group’s breaches of their partnership deal before it unraveled completely would’ve mattered to investors in real-time, perhaps a ray of hope for shareholders asking to revive their case against the e-vehicle maker.

Judge Karen Nelson Moore dug into the former Lordstown executives’ lawyer in a back-and-forth on whether disclosing that the new investment agreement resulted from Foxconn breaching the prior joint venture accord would have been information those suing would have wanted to know when deciding whether they wanted to maintain their investments on the eventually bankrupt ...