Rivian agrees to settle shareholder lawsuit for $250 million
Rivian has agreed to settle a 2022 shareholder lawsuit. The automaker will pay out $250 million to qualifying investors if the agreement is approved. The lawsuit stemmed from alleged deception surrounding a March 2022 price hike for the R1S SUV and R1T truck. The class-action lawsuit alleges that Rivian misled investors around the time of … Read more