My sources say Foxconn will win big. There, I said it. That means nothing. To say "My sources" is not informative at all. To be fair, you don't have to provide your sources, but if you don't, then you are just saying an opinion. In fact, I would say that you have no sources, as nobody authoritative or "in the know" will say "Nu Ride Inc. will win the suit, as they do not know. Unless the source is the judge, and the judge won't say, then you have no real sources. You have people who think Nu Ride has a better case, but that's not really a "source", just another opinion.
I looked over the documents filed by then Lordstown, and the claim is billions of damages. That cannot be proven, so I would say that claim in their documents are false and misleading. Throughout their existence, they only have a billion dollars in losses, more or less, not billions. And they only have somewhere around $2.5 million in revenue throughout the life of the company, and they produced and sold far less than 100 vehicles, so this doesn't sound like "Billions" in damages. So, that claim is just spurious and false.
As I've said before, they probably do have a claim on some money which I think they could and even should win on $100 or $200 million. I don't think they will win the plant back, or they won't get that cash. It looks like money has changed hands, so Foxconn does have a legitimate claim on the plant, and may keep it. However, that may require them paying cash. What you are hoping for is not actual damages from the lawsuit, as there isn't a valid claim of billions in the lawsuit. what you are hoping for is punitive damages. However, that would require proving fraud, and I don't think there is a strong case there, though there is the accusation of fraud. Since Lordstown also had issues of Fraud, that claim may lose some credibility,. even though that CEO is no longer with the company.
Since there is no evidence that Nu Ride will ever make an electric vehicle, as they aren't in the business now, then I'm not sure the plant is their best interest. They have no use for it, and their best option would be to sell it again, maybe to Foxconn again, or to some other party. Maybe when they release their business plan, or reverse merge or merge with another company to have an actual business, they might have a use for the plant, depending on what that business is. This is from reading the filings - court filings, 10'-K's, 10-Q's, 8-K's etc. YouTube videos and Zoominfo.com or articles by auto magazines or even a LinkedIn account are not filings. It is possible that they will reenter the EV business, and if so, the conversation will change. Right now, they could decide to operate a fleet of food trucks, which is affordable, and perhaps profitable. I doubt it, and as outlandish as that sounds, it's as possible as anything else. The BOD is about making money, not invested or experts in EVs. At least, at the moment the possibilities are endless. We'll see what happens. There are also a lot of shells on the OTC with 'good people" that linger on the OTC for a long time. That too is on the table, though if you say that isn't likely I would probably agree with you.
Good luck.
