1) I believe that there should be a lawsuit to require Elio to issue full refunds of all of the refundable deposits. Elio did not put the refundable money into an escrow account until they were forced to do so, but it appears that the money was eventually escrowed. Any reservationist who still wanted Elio to keep the money should be given the option to refuse the refund. Any uncashed refunds would be escheated. 2) There is no lawsuit to recover non-refundable reservations because there is nothing left to recover. 3) The only lawsuit that would make sense would be to go after the Elio principals personally based on invalid or fraudulent contracts. The non-refundable reservation contract was invalid because of the lack of consideration as noted above. The production line never existed, so a spot in that line was and is meaningless. Elio never offered consideration because they specifically exempted themselves from any obligation, ie invalidating any consideration. The question of the contract being fraudulent would be harder to prove in court, but there is quite a lot of evidence that the Elio principles knew, or should have known, that their advertising was false, and that their claims of possible production were impossible to meet. Even with lack of consideration being easy to prove, and stipulating that fraud existed, it is uncertain that sufficient assets remain personally (excepting for Lichtner) to satisfy the claims. TLDR > It's unlikely that the Elio principles will be held to account in the U.S. court system for the losses incurred by those who fell for their sales pitches.