The global investor rights law firm, Rosen Law Firm, has officially filed a class action lawsuit on behalf of individuals who acquired securities of Rivian Automotive, Inc. (NASDAQ: RIVN) between the period of August 12, 2022, and February 21, 2024. The Class Action Period has been designated, and the class action lawsuit is presently underway. Should you wish to act as the lead plaintiff in this case, it is imperative that you take action before the deadline of July 30, 2024.
Investors who procured Rivian securities during the Class Period may be eligible for compensation through a contingency fee arrangement, where no out-of-pocket fees or costs are projected. To partake in the Rivian class action, kindly contact Phillip Kim, Esq. via the toll-free number 866-767-3653 or by email at [email protected] for further details. It is important to note that the lead plaintiff is required to petition the Court by July 30, 2024, at the latest.
As advocates, we advise investors to engage the services of experienced counsel with a proven record of leadership. The Rosen Law Firm, renowned for its extensive knowledge in securities class actions and shareholder derivative litigation, is represented by esteemed attorneys recognized for their exceptional professional accomplishments. With a history of securing substantial compensation for investors, our firm remains dedicated to attaining significant settlements.
In accordance with the particulars of the case, the lawsuit asserts that Rivian had misrepresented the demand for its electric vehicles and concealed the adverse impact of inflation and higher interest rates on EV demand. Additionally, the decrease in Rivian’s order bank due to cancellations and other factors, coupled with its failure to fulfill its promised EV production rates, has led to a decline in Rivian’s projected earnings and vehicle production targets, resulting in alleged damages suffered by investors.
In the absence of a certified class, individuals have the option to engage counsel at their discretion or remain as absent class members. The ability to partake in any potential future recovery is not contingent upon serving as the lead plaintiff. For those desiring updates on the case, we invite you to follow us on LinkedIn, Twitter, and Facebook.
For further information, interested parties can reach out to:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
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