Rivian agrees to pay $250 million to settle IPO fraud lawsuit ReutersOctober 24, 2025 at 12:07 AM 0 A Rivian Automotive Inc facility is pictured in Costa Mesa, California, U.S.,November 1, 2023.
- - Rivian agrees to pay $250 million to settle IPO fraud lawsuit
ReutersOctober 24, 2025 at 12:07 AM
0
A Rivian Automotive Inc facility is pictured in Costa Mesa, California, U.S.,November 1, 2023. REUTERS/Mike Blake
SAN FRANCISCO (Reuters) -Rivian has agreed to settle a 2022 class-action lawsuit for $250 million with certain shareholders who had alleged that the electric vehicle maker defrauded investors over vehicle prices when it went public, according to a court filing on Thursday.
(Reporting by Abhirup Roy in San Francisco and Mike Scarcella in Washington, D.C.; Editing by Leslie Adler)
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