Rivian Settles $250 Million Securities Lawsuit, Reducing Legal Overhang

Rivian Automotive has proposed a $250 million settlement to resolve a securities class action lawsuit, covering claims by purchasers of its shares and related defendants. If approved, the agreement would address allegations over past securities disclosures without further litigation. The settlement would clarify one important legal risk for the company and existing shareholders, and investors may want to monitor how the market responds to the details of the settlement.