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

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SAN FRANCISCO (Reuters) -Rivian has agreed to settle a 2022 class-action lawsuit for $250 million with certain shareholders who had alleged that the electric vehicle maker defrauded investors over vehicle prices when it went public, according to a court filing on Thursday.

(Reporting by Abhirup Roy in San Francisco and Mike Scarcella in Washington, D.C.; Editing by Leslie Adler)

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