Rivian to settle shareholder lawsuit for $250 million

Rivian has agreed to settle a 2022 shareholder lawsuit for $250 million, stemming from accusations of misleading investors about the pricing of the R1S SUV and R1T truck during its 2021 IPO. The automaker, which denies wrongdoing, aims to focus on launching its mass-market R2 vehicle in 2026, pending approval from the US District Court for the Central District of California.

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