RIVN investors have an opportunity to lead the Rivian Automotive, Inc. lawsuit. regarding securities fraud

NEW YORK, June 29, 2024 /PRNewswire/ — Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Rivian Automotive, Inc. (NASDAQ: RIVN) between August 12, 2022 AND February 21, 2024both dates inclusive (“Class Period”), of the most important July 30, 2024 plaintiff’s main term.

So what: If you purchased Rivian securities during the Class Period, you may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingent fee arrangement.

What’s Next: To join the Rivian class action lawsuit, go to call Phillip Kim, attorney toll-free 866-767-3653 or email (email protected) for information about the class action lawsuit. The class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must file a motion with the Court no later than July 30, 2024. A lead plaintiff is a representative party acting on behalf of other class members and initiating the dispute.

Details of the Case: According to the complaint, defendants made false and/or misleading statements and/or failed to disclose that: (1) Rivian overstated demand for its electric vehicles (“EVs”); (2) Rivian concealed the adverse impact of inflation and higher interest rates on demand for its EVs; (3) Rivian’s order bank declined due to cancellations and other factors; (4) Rivian did not increase EV production at the rate it stated it would; (5) all of the foregoing factors likely and actually did adversely affect Rivian’s projected earnings and vehicle production goals for 2024; and (6) as a result, Rivian’s public statements were materially false and misleading at all relevant times. When the true details became public, the complaint alleges that investors suffered damages.

To join the Rivian class action lawsuit, go to Phillip Kim, Attorney at Law toll free 866-767-3653 or email (email protected) for information about the class action lawsuit.

No class has been certified. Until a class is certified, you will not be represented by an attorney unless you hire one. You can choose a lawyer of your choice. You can also remain an absent class member and do nothing at this time. An investor’s ability to share in any potential future recovery is not contingent upon serving as lead plaintiff.

Lawyer Advertising. Past results do not guarantee a similar outcome.

Contact info:

Laurence Rosen, Esq.
Phillip Kim, Esq.
Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll free: (866) 767-3653
Fax: (212) 202-3827
(email protected)
www.rosenlegal.com

SOURCE ROSEN LAW OFFICE, PA