"Lordstown Motors' Bankruptcy and Delisting: A Foxconn Fiasco and GM's Missteps"
Lordstown Motors has received a delisting notice from Nasdaq after filing for bankruptcy protection. The company does not intend to appeal the decision, and trading of its class A common stock will be suspended starting July 7. Lordstown filed for bankruptcy following a dispute with Foxconn over a proposed investment, and it has initiated the sale process for its Endurance all-electric pickup truck and other assets while pursuing litigation against Foxconn.
