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Thomas Lauria - 2 Lauria - 2 Foxconn - 2 Lordstown - 2 Dado Ruvic - 1 Taiwan's Foxconn - 1 Judge Mary Walrath - 1 Lordstown's - 1
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5 mentions found


☆ Lordstown hopeful to find buyer for all or some parts of business - Bloomberg News
  + stars: | 2023-08-29 | by ( ) www.reuters.com   time to read: +1 min
Lordstown Motors and Foxconn logo is seen in this illustration taken, May 2, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsAug 28 (Reuters) - Lordstown Motors is formulating a debt repayment plan and is hopeful that it will find buyers in Chapter 11 for all or parts of its business, Bloomberg News reported, citing the electric truck manufacturer's attorney Thomas Lauria. Judge Mary Walrath refused to dismiss Lordstown's bankruptcy petition. Several investor groups have also brought claims against Lordstown, alleging that the Lordstown misled consumers and investors. Lordstown and Foxconn did not immediately respond to Reuters' request for comment on the ruling.
Persons: Dado Ruvic, Thomas Lauria, Taiwan's Foxconn, Lauria, Judge Mary Walrath, Lordstown's, Foxconn, Lordstown, Kanjyik Ghosh, Jahnavi, Rashmi Organizations: Lordstown Motors, REUTERS, Lordstown, Bloomberg News, Bloomberg, Hai Precision Industry, U.S . Securities, Exchange Commission, Reuters, Thomson Locations: U.S, Bengaluru
☆ EV maker Lordstown Motors begins bankruptcy embroiled in disputes
  + stars: | 2023-06-28 | by ( Dietrich Knauth | ) www.reuters.com   time to read: +3 min
[1/2] A Lordstown Motors sign is seen outside the Lordstown Assembly Plant in Lordstown, Ohio, U.S., June 21, 2021. REUTERS/Rebecca Cook/File PhotoNEW YORK, June 28 (Reuters) - U.S. electric truck manufacturer Lordstown Motors (RIDE.O) began its bankruptcy case embroiled in litigation, laying out disputes with estranged partner Foxconn, rival electric vehicle manufacturer Karma Automotive, the U.S. Securities and Exchange Commission and several investor groups during its first court appearance. Lordstown has alleged that Foxconn broke its promises to invest $170 million in Lordstown and collaborate with the company on vehicle development plans. Lordstown had struggled with higher-than-expected costs, production shortfalls, and litigation risk well before Foxconn agreed to purchase Lordstown's Ohio manufacturing vehicle center in 2021, Murphy said. Several investor groups have also brought claims against Lordstown, alleging that the electric truck startup misled consumers and investors.
Persons: Rebecca Cook, Foxconn, Lordstown, Thomas Lauria, Mary Walrath, Lauria, Walrath, Matthew Murphy, Murphy, Karma, James Sowka, Dietrich Knauth, Stephen Coates Organizations: REUTERS, Lordstown Motors, Karma Automotive, U.S . Securities, Exchange Commission, Taiwan's, U.S . Securities & Exchange, Lordstown, SEC, General, Thomson Locations: Lordstown, Lordstown , Ohio, U.S, Wilmington , Delaware, Delaware, Ohio, Foxconn, Delaware and Ohio, California
☆ SVB fallout unlikely to affect fundraising for Southeast Asia startups, venture capitalists say
  + stars: | 2023-03-14 | by ( Sheila Chiang | ) www.cnbc.com   time to read: +1 min
Golden Gate Ventures, which also invests in Southeast Asian startups, said the SVB fallout is an opportunity for the region. "This has actually been helpful to Southeast Asia. Investors are starting to say: I want to diversify to different bank accounts, different geographies, different currencies," Vinnie Lauria, managing partner at Golden Gate Ventures, told CNBC's "Street Signs Asia" on Tuesday. "And this is where Southeast Asia has the time to shine, in light of the situation," added Lauria. When asked if the situation makes fundraising more difficult, Gowdey said funds in Southeast Asia are well capitalized.
☆ 'Bulldog' lawyer Thomas Lauria Lauria predicted a crypto 'liquidation boom' well before Sam Bankman-Fried's FTX filed for bankruptcy
  + stars: | 2022-11-11 | by ( Jack Newsham | Sindhu Sundar | ) www.businessinsider.com   time to read: +14 min
Thomas Lauria runs the bankruptcy team at White & Case where clients have included Hertz and Johnson & Johnson. But Lauria told Insider that the ability of crypto companies to reorganize will depend on whether they have any real assets. Notably, when Lauria represented Hertz in its Chapter 11 case during the coronavirus pandemic, even its unsecured creditors were repaid in full. So I'm not sure that what's happening in crypto right now is really going to be a reorganization boom, but really probably more of a liquidation boom. About $10 billion of Hertz debt, when they filed, was related to financing in connection with their US fleet.
☆ New York art auction fall highlights include Paul Allen collection and a rare Warhol
  + stars: | 2022-11-04 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Eduardo MunozNov 4 (Reuters) - The fall art auction season kicks off in New York City next week, with auction houses Christie's and Sotheby's both expecting to bring in record-breaking sales. Among the highlights is Christie's Paul G. Allen Collection, which includes more than 150 pieces spanning 500 years. The collection, from the estate of the late Microsoft co-founder, includes works by Pablo Picasso, Georges Seurat, Paul Cezanne and Lucien Freud. Sotheby's Modern Art Evening Auction will be held on Nov. 14, followed by a Contemporary Evening Auction on Nov. 16. "There are so many amazing works on offer," Sotheby's head of impressionist and modern art for the Americas, Julian Dawes, said.
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