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Rivian Settles $250M IPO Lawsuit, Eyes R2 SUV Launch

10/25/2025

25 6 Full Breakdown

Summary

Story summary

Rivian Automotive, Inc. agreed to pay $250 million to settle a class-action over 2021 IPO pricing.
The suit claims Rivian hid that R1T and R1S production costs exceeded prices, leading to a March 2022 price hike.
Rivian denies wrongdoing, stating the settlement will let it focus on launching the R2 SUV in 2026.
The settlement awaits approval from the U.S. District Court for the Central District of California.

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Story summary

Rivian Automotive, Inc. agreed to pay $250 million to settle a class-action over 2021 IPO pricing.
The suit claims Rivian hid that R1T and R1S production costs exceeded prices, leading to a March 2022 price hike.
Rivian denies wrongdoing, stating the settlement will let it focus on launching the R2 SUV in 2026.
The settlement awaits approval from the U.S. District Court for the Central District of California.