Rivian reaches USD 250 million shareholder settlement over IPO pricing claims According to a court filing on October 23, Rivian has agreed to pay USD 250 million to settle a 2022 shareholder class-action lawsuit that claimed the company misled investors about its vehicle prices during its 2021 initial public offering (IPO). The lawsuit alleged Rivian hid the fact that it had underpriced its R1S SUVs and R1T pickups, which later led to unpopular p...

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