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flag Rivian settles shareholder lawsuit for $250 million over alleged misrepresentation of R1 EV pricing in IPO.

flag Rivian has agreed to a $250 million settlement to resolve a shareholder lawsuit alleging the company misled investors about the pricing of its R1 electric vehicle during its initial public offering, with claims that the price increase was not adequately disclosed. flag The settlement, which does not involve an admission of guilt, aims to end legal disputes over the IPO's transparency.

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