The Enquirer’s investigation of Loveland-based electric truck maker Workhorse won a national Best in Business Award from the Society for Advancing Business Editing and Writing.
Reporting by The Enquirer’s Alexander Coolidge revealed that several Workhorse executives and board members sold $60 million worth of stock in the months before shares crashed in early 2021.
The newspaper investigation also revealed top company officials sold stock around the same time the US Postal Service signaled it had problems in confidential talks with Workhorse’s bid for a $6 billion government contract the manufacturer was expected to win.
.
Six weeks after the story was published, Workhorse disclosed in November that federal officials with the U.S. Securities and Exchange Commission and the Department of Justice were investigating the company. In March, the company said in a disclosure it continued to cooperate with federal investigators.
The Enquirer’s story won in the banking/finance category.
The Enquirer competed in the medium division that included news outlets, such as the Boston Globe, the Detroit News, Fortune magazine, the Houston Chronicle, the Milwaukee Journal Sentinel, the Pittsburgh Post-Gazette and ProPublica.
In its 27th year, the awards recognize news coverage of business, finance and economic work published, broadcast and posted digitally. A record 1,277 entries from 194 international, national, regional and specialized business news organizations were submitted…
