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Shareholders sue Lion Electric, claiming the electric vehicle maker misled on finances and production.
Shareholders of Quebec-based electric vehicle maker Lion Electric have filed a class-action lawsuit, alleging the company misled them about its financial health and production capabilities.
The lawsuit, filed with the Quebec Superior Court, names company directors, officers, auditors, and underwriters.
Lion Electric, which primarily manufactures electric school buses, has seen its stock value drop by 96% and is seeking creditor protection and a buyer to restructure its operations.
The company has not yet responded to the allegations.
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Los accionistas demandan a Lion Electric, alegando que el fabricante de vehículos eléctricos engañó en las finanzas y la producción.