KSF News, Updates, & Insights

$35M Workhorse Securities Fraud Class Action Preliminarily Approved

Farrar v. Workhorse Group, et al., 2:21-cv-02072 (C.D. Cal.): On February 14, 2023, the Hon. Cormac J. Carney preliminarily approved a $35M class action settlement (comprised of $15M in cash and $20M in Workhorse common stock) on behalf of persons who purchased the securities of Workhorse between March 10, 2020 and May 10, 2021, inclusive. The Court also set a final approval hearing for the Settlement on Monday, July 24, 2023 at 1:30 p.m. For more information regarding the proposed settlement, KSF directs investors to the dedicated settlement website at https://workhorsesecuritieslitigation.com/.