Bronstein, Gewirtz & Grossman, LLC, a highly esteemed firm known for its representation of investors in securities fraud class actions, has publicized an inquiry into potential claims on behalf of purchasers of Rivian Automotive, Inc. (“Rivian” or “the Company”) (NASDAQ:RIVN).
In the aftermath of Rivian’s publication of its fourth quarter financial and operating results on February 21, 2024, the firm’s stock price experienced a significant decline of 25.6%, concluding at $11.45 per share on February 22, 2024. Simultaneously, the company revealed its expectation to produce 57,000 vehicle units in 2024, a figure markedly lower than analysts’ projections of 80,000 units. Notably, the company disclosed an adjusted EBITDA loss of $2.70 billion, diverging from analysts’ expectations of $2.59 billion. Rivian also announced plans to reduce salaried staff by 10% due to economic uncertainty.
Individuals with pertinent information regarding the investigation or those who have purchased Rivian securities are urged to contribute to the investigation by visiting the official website of Bronstein, Gewirtz & Grossman, LLC. Alternatively, they can contact Peretz Bronstein or Yael Nathanson of the firm using the provided contact details below.
It is crucial to acknowledge that the firm represents investors in class actions on a contingency fee basis, signifying that reimbursement for expenses and attorney’s fees will only be sought if the case is successful.
Bronstein, Gewirtz & Grossman, LLC is widely acknowledged for its proficiency in handling securities fraud class actions and shareholder derivative suits, having successfully recovered hundreds of millions of dollars for investors across the nation.
For additional information or to provide relevant details for the investigation, please liaise with:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
332-239-2660
[email protected]
It is essential to recognize that this communication is an advertisement by an attorney and that previous outcomes do not guarantee similar results.
SOURCE:
Bronstein, Gewirtz & Grossman, LLC
View the original
press release
on accesswire.com
+ There are no comments
Add yours