Tuesday, August 15, 2023

Bankrupt Lordstown Motors reaches $40 million settlement with Karma Automotive

The settlement, placed with the U.S. Bankruptcy Court for approval, involves $5 million to be paid as a royalty for the use of Karma's intellectual property, which Lordstown was accused of misappropriating.

 



from Section Page News - Automotive News https://ift.tt/ToyFmbe

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