
Rivian Automotive Inc (NASDAQ: RIVN) may have rolled back price hikes after widespread online backlash, but that episode has now drawn a shareholder lawsuit, protocol.com reported on Tuesday, citing court filings.
What Happened: The lawsuit, filed by shareholder Charles Crews on Monday in a California U.S. District Court, alleges the recently listed company misled investors by not disclosing it would raise prices of its electric vehicles after going public.