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Lordstown “has continuously attempted to mislead the general public, and has long been reluctant to execute the investment decision arrangement among The 2 functions in accordance with its conditions,” Foxconn claimed.

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Foxconn mentioned Lordstown experienced breached their investment decision settlement due to the fact its inventory experienced fallen below $1 a share. Lordstown reported on Tuesday that it experienced filed a lawsuit asserting that Foxconn failed to honor its agreement to take a position more cash in the company.