Law 360

MAY 1, 2023

Foxconn Ventures Pte Ltd. is abandoning plans to become the largest shareholder of Lordstown Motors, falling short of its commitment to invest up to $170 million in the electric vehicle maker and hurling the company toward the possibility of bankruptcy, according to a Monday filing with the U.S. Securities and Exchange Commission.

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Law 360

MAY 2, 2023

Foxconn Ventures Pte Ltd. vigorously" disputed claims that the company breached an agreement in which it promised to invest up to $170 million in Lordstown Motors but has only provided a portion of that amount, saying Tuesday the electric-car maker is to blame for failing to meet Nasdaq's listing requirements.

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Law 360

JUNE 9, 2023

Electric-car maker Lordstown Motors said on Friday that it plans to take legal action against Foxconn Ventures Pte Ltd. million that it promised Lordstown in exchange for a 10% stake in the company, as the businesses haggle over a reverse stock split. if it does not pay the remaining $47.3

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Legal Legal 40

The Process Street

MARCH 3, 2022

Unfortunately, for many companies, HR isn’t working. Not every company has the same approach, though. Companies like Zappos and Buffer prioritize employee autonomy, happiness, and entrepreneurial spirit. Meanwhile, Amazon and Foxconn prefer a more aggressive HR department with an adversarial stance towards industrial relations.

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