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Submitted URL: https://link.manufacturingdive.com/click/32247459.40046/aHR0cHM6Ly93d3cud3NqLmNvbS9hcnRpY2xlcy9sb3Jkc3Rvd24tc2FsZS1wcm9jZXNzLWRlbGF...
Effective URL: https://www.wsj.com/articles/lordstown-sale-process-delayed-as-judge-allows-karma-lawsuit-to-move-forward-327aa9c0?m...
Submission: On August 01 via api from US — Scanned from DE
Effective URL: https://www.wsj.com/articles/lordstown-sale-process-delayed-as-judge-allows-karma-lawsuit-to-move-forward-327aa9c0?m...
Submission: On August 01 via api from US — Scanned from DE
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WSJ.COMBANKRUPTCYCENTRAL BANKINGCYBERSECURITYPRIVATE EQUITYSUSTAINABLE BUSINESSVENTURE CAPITAL SubscribeSign In Search * Home * News * Data * Newsletters * Sectors SubscribeSign In Search * Home * News * Data * Newsletters * Sectors This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. https://www.wsj.com/articles/lordstown-sale-process-delayed-as-judge-allows-karma-lawsuit-to-move-forward-327aa9c0 Share * Facebook * Twitter * LinkedIn * Bankruptcy LORDSTOWN SALE PROCESS DELAYED AS JUDGE ALLOWS KARMA LAWSUIT TO MOVE FORWARD KARMA FILED A LAWSUIT ALLEGING STOLEN TRADE SECRETS BEFORE THE ELECTRIC-VEHICLE MAKER FILED FOR BANKRUPTCY IN JUNE By Becky Yerak Becky Yerak The Wall Street Journal * BiographyBecky Yerak * @beckyyerak * becky.yerak@wsj.com July 27, 2023 5:00 pm ET | WSJ Pro Print Text Lordstown Motors’ efforts to sell itself during its bankruptcy have been delayed as a judge ruled that the electric-vehicle maker must first face a $900 million lawsuit alleging it stole trade secrets. Judge Mary Walrath of the U.S. Bankruptcy Court in Wilmington, Del., is allowing the lawsuit to move forward in California. The plaintiff, Karma Automotive, which filed the lawsuit before the EV maker filed for bankruptcy in June, had argued that Lordstown might try to sell the intellectual property allegedly stolen from them. ... TOP NEWS * CALIFORNIA NONPROFIT HOSPITALS TURN TO BANKRUPTCY FOR LEVERAGE AGAINST STATE * JOHNSON & JOHNSON’S SECOND TALC BANKRUPTCY CASE THROWN OUT * YELLOW LAYS OFF A LARGE SWATH OF ITS WORKFORCE, WINDS DOWN OPERATIONS * NATURAL GAS PIONEER PUTS INVESTMENT VEHICLE INTO BANKRUPTCY TO PROTECT RANCH, OTHER ASSETS BACK TO TOP Professional Resources WSJ ConferencesFactivaRisk & Compliance JournalDow Jones Risk & ComplianceDow Jones NewswiresCFO JournalCIO JournalCMO TodayLogistics Report FacebookTwitterPodcasts Send us your feedback:wsjprosupport@dowjones.com Privacy NoticeCookie NoticeManage CookiesDo Not Sell My Personal InformationCopyright PolicyData PolicySubscriber Agreement & Terms of Use 2023 Dow Jones & Company, Inc.All Rights Reserved Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.