NEW YORK, July 22, 2024 (GLOBE NEWSWIRE) — The Gross Law Firm issues the following notice to shareholders of Rivian Automotive, Inc. (NASDAQ:RIVN).
Shareholders who purchased shares of RIVN stock during the indicated period are encouraged to contact the firm regarding a possible appointment as lead plaintiff. Appointment as lead plaintiff is not required to participate in any solicitation.
CONTACT US HERE:
SCHOOL LESSON: 12 August 2022 to 21 February 2024
ACCUSATIONS: The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Rivian overstated demand for its products and its ability to withstand adverse macroeconomic impacts in the near term; (ii) Rivian accordingly experienced lower demand and increased customer cancellations, including as a result of high interest rates; (iii) Rivian experienced a significant decline in its backlog as a result; (iv) all of the foregoing likely would have, and did, negatively impact the Company’s expected 2024 earnings and vehicle production targets; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.
DEADLINE: 30 July 2024 Shareholders should not hesitate to sign up for this class action lawsuit. Register your information here: https://securitiesclasslaw.com/securities/rivian-automotive-inc-loss-submission-form-2/?id=91387&from=3
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of RIVN during the above-mentioned time period, you will be enrolled in portfolio monitoring software that will provide you with status updates throughout the lifecycle of the case. The deadline to apply to be lead plaintiff is July 30, 2024. There is no cost and no obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action litigation firm. Our mission is to protect the rights of all investors who have suffered from deception, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and act as corporate citizens. The firm seeks compensation on behalf of investors who have suffered losses when a company’s false and/or misleading statements or omission of material information have resulted in the artificial inflating of the company’s stock price. Attorney Advertising. Past results do not guarantee similar results.
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The law firm Gross
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New York, NY, 10018
Email: [email protected]
Phone: (646) 453-8903
