Legal Proceedings
−Removed: Currently we are involved in, or may in the future be involved in, legal proceedings, claims or government investigations in the ordinary course of business relating to, among other things, commercial matters and contracts, intellectual property, labor and employment, discrimination, false or misleading advertising, regulatory matters, competition, pricing, tax, consumer rights/protection, torts/personal injury, real estate matters, property rights, data privacy/data protection, and securities.
+Added: Currently we are involved in, or may in the future be involved in, legal proceedings, claims or government investigations in the ordinary course of business relating to, among other things, commercial matters and contracts, intellectual property, labor and employment, discrimination, false or misleading advertising, regulatory matters, competition, pricing, tax, consumer rights/protection, torts/personal injury, real estate, property rights, data privacy/data protection, and securities.
These matters also include the following:
+Added: RIVIAN AUTOMOTIVE, INC.
• On July 17, 2020, Tesla, Inc.
(“Tesla”) filed suit against Rivian Automotive, Inc., Rivian Automotive, LLC and a number of former Tesla/current Rivian group employees in California Superior Court, Santa Clara County.
−Removed: The remaining claims in the current operative pleading, the Fourth Amended Complaint (“4AC”) filed on September 28, 2021, are claims for trade secret misappropriation against Rivian and various individual defendants and breach of contract against the individual defendants (but not against Rivian).
−Removed: Tesla alleges that the individual defendants took confidential and trade secret documents and information at Rivian’s direction when they left Tesla’s employ to join Rivian, including recruitment and personnel information, sales data, service data, manufacturing information, new market expansion information, and documents and code relating to battery technology.
−Removed: Tesla also alleges that by doing so, the individual defendants breached their non-disclosure and other agreements with Tesla.
−Removed: The 4AC seeks damages, injunctive relief and attorneys’ fees, among other things.
−Removed: We believe Tesla’s claims are meritless and intend to vigorously defend against this lawsuit.
+Added: The claims in the operative pleading, the Fourth Amended Complaint (“4AC”) filed on September 28, 2021, were claims for trade secret misappropriation against Rivian and various individual defendants and breach of contract against the individual defendants (but not against Rivian).
+Added: Tesla alleged that the individual defendants took confidential and trade secret documents and information at Rivian’s direction when they left Tesla’s employ to join Rivian, including recruitment and personnel information, sales data, service data, manufacturing information, new market expansion information, and documents and code relating to battery technology.
+Added: Tesla also alleged that by doing so, the individual defendants breached their non-disclosure and other agreements with Tesla.
+Added: The 4AC sought damages, injunctive relief and attorneys’ fees, among other things.
+Added: This suit was dismissed with prejudice on December 13, 2024.
• Between March 7, 2022 and April 19, 2022, three alleged stockholders filed lawsuits against Rivian Automotive, Inc., certain of our officers and directors, and Rivian’s IPO underwriters on behalf of a putative class of purchasers of Rivian common stock in our IPO.
The three suits were consolidated under the caption Crews v.
−Removed: Rivian Automotive, Inc., et al.
−Removed: 22-cv-01524-RGK-E (C.D.
+Added: Rivian Automotive, Inc., et al, 22-cv-01524-RGK-E (C.D.
On July 22, 2022 the lead plaintiff filed an amended consolidated complaint alleging violations of Sections 11, 12(a)(2) and 15 of the Securities Act of 1933 and Sections 10(b) and 20(a) of the Exchange Act and seeking damages, equitable relief and attorneys’ fees and costs.
By Order dated February 16, 2023 the Rivian defendants and the underwriter defendants’ motions to dismiss were granted with leave to amend.
−Removed: RIVIAN AUTOMOTIVE, INC.
−Removed: Amended Complaint was filed on March 2, 2023, and on March 16, 2023 the defendants filed Motions to Dismiss, which were denied by Order dated July 3, 2023.
+Added: An Amended Complaint was filed on March 2, 2023, and on March 16, 2023 the defendants filed Motions to Dismiss, which were denied by Order dated July 3, 2023.
We believe the alleged stockholders’ claims are meritless and intend to vigorously defend against this lawsuit.
A similar lawsuit styled Smith, et al.
−Removed: Rivian Automotive, Inc., et al.
−Removed: , 30-2023-01310105-CU-SL-CXC, was filed by two alleged stockholders in California Superior Court, Orange County on February 28, 2023.
+Added: Rivian Automotive, Inc., et al., 30-2023-01310105-CU-SL-CXC, was filed by two alleged stockholders in California Superior Court, Orange County on February 28, 2023.
The Complaint alleges violations of Sections 11 and 15 of the Securities Act of 1933 and seeks damages, declaratory judgment and attorneys’ fees and costs.
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On January 2, 2024, the court granted defendants’ motions to dismiss, and on January 30, 2024 Plaintiffs filed a Notice of Appeal.
+Added: By Order dated September 30, 2024, the Georgia Court of Appeals affirmed the Morgan County Superior Court’s Order of dismissal.
+Added: On October 21, 2024 Plaintiffs-Appellants filed a Petition for Writ of Certiorari to the Supreme Court of Georgia, which was denied by Order dated January 14, 2025, thus concluding this matter.
On January 31, 2023, the same plaintiffs filed a Complaint in Fulton County (Georgia) Superior Court against the State of Georgia.
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The State of Georgia has moved to dismiss or transfer this suit.
−Removed: Although Rivian New Horizon is not a party to either of these lawsuits nor are any of its direct or indirect parents or subsidiaries, there is a possibility that Rivian New Horizon could become a party to the proceedings or that these suits or their outcomes could affect the timing and/or construction of the planned Stanton Springs North Facility.
−Removed: • On February 13, 2024, an alleged stockholder filed a derivative suit, purportedly on behalf of Rivian Automotive, Inc., against certain members of our board of directors, certain Company executives and Rivian Automotive, Inc.
−Removed: (as a nominal defendant) in the Delaware Court of Chancery (Case No.
+Added: By Order dated April 4, 2024, the Court granted the parties’ Joint Motion to Stay Proceedings.
+Added: On January 30, 2025 this suit was dismissed without prejudice.
+Added: • Between February 13 and March 29, 2024, three alleged stockholders filed derivative lawsuits, purportedly on behalf of Rivian Automotive, Inc., against certain members of our board of directors, certain current and former Company executives and Rivian Automotive, Inc.
+Added: (as a nominal defendant) in the Delaware Court of Chancery.
+Added: These lawsuits alleged claims for purported breach of fiduciary duties and sought unspecified monetary and injunctive relief, corporate governance changes, and attorneys’ fees.
+Added: By Order dated July 1, 2024, the three suits were consolidated under the caption In re Rivian Automotive, Inc.
+Added: Stockholder Litigation, Consolidated Case No.
2024-0127-MTZ.
−Removed: The complaint alleges claims for purported breach of fiduciary duties.
−Removed: The complaint seeks unspecified monetary and injunctive relief, corporate governance changes, and attorneys’ fees.
+Added: On August 19, 2024, Plaintiffs filed a Verified Consolidated Stockholder Derivative Complaint.
+Added: By Order dated October 4, 2024 the action is stayed through February 28, 2025.
+Added: RIVIAN AUTOMOTIVE, INC.
+Added: • On May 31, 2024 an alleged stockholder filed a lawsuit in US District Court, Central District of California (Case No.
+Added: 2:24-cv-04566) against Rivian Automotive, Inc.
+Added: and certain Company executives on behalf of a putative class of purchasers of Rivian common stock.
+Added: Lead Plaintiffs' Amended Complaint, filed December 11, 2024, alleges violations of Sections 10(b) and 20(a) of the Exchange Act and seeks damages, interest, attorneys’ fees and costs.
+Added: On January 7, 2025 the defendants filed a Motion to Dismiss.
+Added: We believe the alleged stockholder’s claims are meritless and intend to vigorously defend against this lawsuit.
While it is not possible to predict the outcome of these matters with certainty, based on our current knowledge, we do not believe that the final outcome of these pending matters is likely to have a material adverse effect on our business, results of operations, or financial condition.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.