How much does the Lordstown Motors Stockholders Litigation Settlement pay?

The total settlement fund is $15.5M. Actual amounts depend on how many valid claims are filed — most settlements divide a fixed fund pro rata, so a higher claim rate means a smaller individual check. An "up to" figure is a cap, not a guarantee.

Do I need proof of purchase for the Lordstown Motors Stockholders Litigation Settlement?

No. You can file without a receipt or proof of purchase. You attest that you qualify and submit basic details, though claims are still subject to review and submitting a false claim is a crime.

Is the Lordstown Motors Stockholders Litigation Settlement notice real, or a scam?

JND Legal Administration is the settlement administrator for this case. Claims are filed at lordstownmotorsstockholderslitigation.com. Filing a class action claim is always free — no legitimate settlement charges you to claim, and no administrator will ask for payment, a gift card, or your full Social Security number by email or text. If a notice asks for any of those, it is not from the administrator. When in doubt, ignore the link you were sent and go to the official settlement website directly.

When will payments from the Lordstown Motors Stockholders Litigation Settlement be sent?

Class action payouts typically take 12 to 24 months after the claim deadline, and longer if the settlement is appealed. The final approval hearing for this case is set for June 25, 2024; no payments can be issued before a settlement receives final approval.

Claims closedNo proof of purchase neededsecurities

Lordstown Motors Stockholders Litigation Settlement

Last verified September 9, 2026Source: jndHow ClaimWatch verifies cases

This settlement is closed to new claims. You can still see what it was about and follow the case in court below. Looking for money you can still claim? Browse open settlements →

What happened

Lordstown Motors stockholders sued company directors and officers alleging misconduct related to the October 2020 merger between DiamondPeak and Lordstown Motors Corp. The defendants agreed to pay $15.5 million to settle the stockholder class action. The defendants admit no wrongdoing.

Do you qualify?

All record and beneficial holders of DiamondPeak Class A common stock as of October 23, 2020 (the effective time of the merger with Lordstown Motors), except for defendants, DiamondPeak directors and officers, their families, and affiliated entities.

How to file

Eligible class members do not need to submit a claim form. If you are eligible, your distribution will be paid directly to you. The Court approved distribution on February 20, 2025, with an initial distribution in April 2025 and a second distribution in December 2025; subsequent distributions will occur on a rolling basis. Contact the Settlement Administrator at 1-855-208-4125 or info@LordstownMotorsStockholdersLitigation.com for more information.

Common questions

How much does the Lordstown Motors Stockholders Litigation Settlement pay?: The total settlement fund is $15.5M. Actual amounts depend on how many valid claims are filed — most settlements divide a fixed fund pro rata, so a higher claim rate means a smaller individual check. An "up to" figure is a cap, not a guarantee.
Do I need proof of purchase for the Lordstown Motors Stockholders Litigation Settlement?: No. You can file without a receipt or proof of purchase. You attest that you qualify and submit basic details, though claims are still subject to review and submitting a false claim is a crime.
Is the Lordstown Motors Stockholders Litigation Settlement notice real, or a scam?: JND Legal Administration is the settlement administrator for this case. Claims are filed at lordstownmotorsstockholderslitigation.com. Filing a class action claim is always free — no legitimate settlement charges you to claim, and no administrator will ask for payment, a gift card, or your full Social Security number by email or text. If a notice asks for any of those, it is not from the administrator. When in doubt, ignore the link you were sent and go to the official settlement website directly.
When will payments from the Lordstown Motors Stockholders Litigation Settlement be sent?: Class action payouts typically take 12 to 24 months after the claim deadline, and longer if the settlement is appealed. The final approval hearing for this case is set for June 25, 2024; no payments can be issued before a settlement receives final approval.

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This summary was generated from public settlement documents and may contain errors. Confirm eligibility, deadlines, and payment terms on the official settlement website before filing. ClaimWatch is not a law firm and this is not legal advice. Filing a claim is free.

Settlement fund: $15.5M
Proof required: No
Class period: October 23, 2020 – October 23, 2020
Final hearing: June 25, 2024
Case: In re Lordstown Motors Corp. Stockholders Litigation
Case number: C.A. No. 2021-1066-LWW
Court: Court of Chancery of the State of Delaware
Administrator: JND Legal Administration

Official settlement website →

Case status & court docket

Delaware state courtMore from Delaware

Court of Chancery of the State of Delaware

Delaware state courts don't publish to the federal court records system, so there's no live docket to follow here. We'll still email you when this settlement's status or deadline changes.

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