Rivian Automotive, Inc. investors are presented with an opportunity to take the lead in a securities fraud lawsuit against the company. The Rosen Law Firm, a globally recognized investor rights law firm, is reminding those who acquired securities of Rivian between August 12, 2022, and February 21, 2024, of the impending lead plaintiff deadline on July 30, 2024.
Individuals who procured Rivian securities during the aforementioned time frame may be eligible for compensation without incurring any out-of-pocket fees or costs through a contingency fee arrangement. To participate in the Rivian class action, individuals can access the Rosen Law Firm’s website or contact Phillip Kim, Esq. for additional information. The firm has already initiated a class action lawsuit, and those seeking to serve as lead plaintiff must petition the Court by no later than July 30, 2024.
As per the lawsuit, the defendants are accused of issuing false and/or misleading statements, as well as withholding key information that adversely impacted Rivian’s earnings and vehicle production targets. The lawsuit alleges that the defendants inflated the demand for Rivian’s electric vehicles (EVs) and concealed the repercussions of inflation and higher interest rates on the demand for EVs.
It is imperative to note that no class has been certified at this time. Until certification occurs, individuals are not represented by counsel unless they engage one, and they have the option to choose their legal representation. Furthermore, an investor’s potential to partake in any future recovery is not contingent upon assuming the role of lead plaintiff.
For the latest updates and details regarding the case, individuals can monitor the Rosen Law Firm on LinkedIn, Twitter, or Facebook.
Rosen Law Firm Contact Information:
– 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: [email protected]
Website: www.rosenlegal.com
It is important to recognise that this article constitutes attorney advertising, and previous outcomes do not guarantee similar results.
(Source: The Rosen Law Firm, P. A.)