Lordstown Motors Corp.

Lordstown is now a post-effective-date case being administered by Nu Ride Inc., with the confirmed plan implemented but the estates still open, distributions and litigation-positioning still underway, and the next omnibus hearing set for June 23, 2026. The case began after the electric-vehicle manufacturer’s Endurance pickup program failed to reach commercial scale and the debtor’s liquidity path narrowed around its deteriorating relationship with Foxconn: Adam Kroll’s first-day declaration described roughly 65 vehicles produced by the petition date, alleged that Foxconn failed to honor a broader investment and operating partnership, and framed chapter 11 as a value-preservation process after unsuccessful capital-raising efforts and a reduced cash-burn plan First-Day Kroll DeclarationDkt. 15. Lordstown filed its voluntary chapter 11 petition on June 26, 2023 Voluntary PetitionDkt. 1.

The restructuring path ultimately moved through plan confirmation rather than a continuing operating reorganization. On March 6, 2024, the court confirmed the Third Modified First Amended Joint Chapter 11 Plan, finding the plan confirmable after negotiations among the debtors, the unsecured creditors’ committee, the equity committee, Foxconn, and SEC staff; the order established post-confirmation mechanics including a claims ombudsman, a $45 million initial GUC reserve, post-effective-date governance changes, preserved causes of action, and claim-administration deadlines Confirmation OrderDkt. 1069. The confirmed-plan posture makes the current case less about operating the EV business and more about monetizing and allocating estate value, reconciling claims, managing preserved litigation rights, and moving toward final decree readiness.