Rivian agrees to pay $250 million to settle IPO fraud lawsuit

Core Viewpoint - Rivian has reached a settlement of $250 million regarding a class-action lawsuit from 2022, where shareholders accused the electric vehicle manufacturer of defrauding investors about vehicle prices at the time of its IPO [1] Group 1 - The settlement amount is $250 million, which will be paid to certain shareholders [1] - The lawsuit was initiated by shareholders who claimed that Rivian misled them regarding vehicle pricing [1] - The allegations were made in the context of Rivian's initial public offering (IPO) [1]