Rivian Reports $250M Settlement of Securities Class Action Litigation
Summary
Rivian Automotive, Inc. (RIVN) announced on October 23, 2025, via Exhibit 99.1, that it has agreed to settle the previously disclosed 2022 securities class action litigation, Charles Larry Crews, Jr. v. Rivian Automotive, Inc., et al. The company will pay $250 million to resolve claims from purchasers of its Class A common stock between November 10, 2021, and March 10, 2022. This settlement, which is subject to court approval, is not an admission of fault but aims to allow Rivian to focus resources on its R2 vehicle launch. * Rivian denies the allegations in the suit and maintains the agreement is not an admission of fault or wrongdoing. * The settlement enables Rivian to focus its resources on the launch of its mass market R2 vehicle in the first half of 2026.
Why It Matters
The $250 million settlement resolves significant securities litigation, removing a legal overhang and allowing Rivian to reallocate resources towards strategic initiatives like the R2 vehicle launch, which is crucial for future growth.
These filing summaries are free and always will be. If this helped you spot material events, consider supporting us.
Want to see how RIVN traded around this filing?
Check real-time charts and technical analysis on TradingView to see market reaction to this event.
View RIVN Charts on TradingViewAffiliate link
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001874178
- Filing Date
- Friday, October 24, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- positive