By skyforbes 
Rivian Automotive has agreed to a $250 million settlement in a class action lawsuit brought by shareholders who alleged the company misled investors during its 2021 IPO and subsequent pricing of its R1 vehicle line. The lawsuit claimed Rivian hid underpricing of its EVs and then raised prices, triggering a 39 percent stock drop in March 2022. Without admitting wrongdoing, Rivian said settling will allow it to focus on launching its more affordable R2 SUV amid a slowdown in U.S. EV demand.
Source – https://finance.yahoo.com/news/rivian-agrees-pay-250-million-225827182.html