Securities
May 27, 2026
Judge Approves $250M Rivian investor settlement, awards $60M in fees
The settlement resolves claims that Rivian Automotive misled investors about vehicle production costs ahead of a steep stock drop after its 2021 IPO. The court rejected objections from three investors.
A federal judge has granted final approval to a $250 million securities fraud settlement against electric-vehicle maker Rivian Automotive Inc., awarded $60 million in attorney fees to class counsel and rejected objections from three investors, ending more than three years of litigation over claims the company misled investors ahead of a sharp stock decline following its 2021 IPO.
U.S. District Judge Josephine L. Staton signed the order Wednesday, finding the settlement recovered b...
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