Oct. 27, 2025
Rivian to pay $250M to settle investor suit
Electric truck maker Rivian Automotive Inc. has agreed to a $250 million settlement resolving claims it misled investors about the cost of producing its R1T pickup and R1S SUV before going public in 2021. The deal, subject to court approval, will compensate shareholders who bought stock during the months after Rivian's IPO.
Electric vehicle maker Rivian Automotive Inc. will pay $250 million to settle a class action accusing the Irvine-based company of misleading investors about the cost of producing its first vehicles before its 2021 initial public offering.
The proposed settlement, filed Thursday in the Central District of California, would resolve claims brought by shareholder Charles Larry Crews Jr., who alleged that Rivian underpriced its flagship R1T pickup and R1S SUV models by thousands of dol...
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