According to the lawsuit, defendants throughout the Class Period made misleading and/or false statements and/or failed to disclose that: (1) Workhorse was merely hoping that USPS would choose an electric vehicle as its Next Generation Delivery Vehicle, but had no indication or assurance from USPS that this was the case; (2) Workhorse had concealed the fact that electrifying the USPS’s entire fleet would be impractical and astronomically expensive which had been revealed by the postmaster general in explaining the ultimate decision not to select an electric vehicle; and (3) defendants’ statements about Workhorse’s prospects, business, and operations were materially misleading and false and/or lacked a reasonable basis at all relevant times, as a result. This lawsuit claims that investors suffered damages when the true details entered the market.

Workhorse Group, Inc.

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The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

Portnoy Law Firm
Lesley F. Portnoy, Esq.,
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067