Lordstown Motors Stockholders Litigation
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
Stockholders of DiamondPeak Class A common stock sued company directors and officers over their handling of a merger with Lordstown EV Corporation that closed on October 23, 2020. The defendants have settled the stockholder class action for $15.5 million in cash, with the court approving the settlement on July 5, 2024.
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 EV Corporation), excluding the defendants, DiamondPeak directors/officers/partners, their immediate family members, and DiamondPeak's parent companies and affiliates.
How to file
Eligible class members do not need to submit a claim form. If you qualify, your distribution will be paid to you directly. Distributions occurred in April 2025 and December 2025, with subsequent distributions rolling as funds become available. For questions, contact the Settlement Administrator at 855-208-4125 or info@LordstownMotorsStockholdersLitigation.com.
Common questions
- How much does the Lordstown Motors Stockholders Litigation 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?
- 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 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 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.
New to class actions?
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.
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