A research firm whose report heralded the beginning of the end of Lordstown Motors has disbanded.

In a message posted on the Hindenburg Research website, founder Nate Anderson did not give a specific reason for stepping away from the firm which focused on forensic research investigating businesses for accounting irregularities, undisclosed transactions, as well as illegal or unethical business or financial reporting.

"The intensity and focus has come at the cost of missing a lot of the rest of the world and the people I care about," Anderson wrote.

Most people in the Valley had not even heard of Hindenburg Research until it issued a report in March 2021 titled "The Lordstown Motors Mirage: Fake Orders, Undisclosed Production Hurdles, and a Prototype Inferno".

The report focused on Lordstown Motors, a fledgling company that promised to manufacture the all-electric Endurance pickup truck at the former General Motors Assembly Plant in Lordstown.

The report alleged that Lordstown Motors had no sellable product, and misled investors on both demand for the Endurance and production capabilities.

Although Lordstown Motors founder and CEO Steve Burns rebutted the claims, the report led to a management shakeup.

Lawsuits from shareholders followed along with Security and Exchange allegations that Lordstown Motors misled investors, and eventually bankruptcy, from which Lordstown Motors emerged as a company with the new name Nu Ride.

The former GM facility once occupied by Lordstown Motors has since been taken over by Taiwanese conglomerate Foxconn.