NEW YORK, NY / ACCESSWIRE / July 10, 2024 / If you have suffered a loss on your Rivian Automotive, Inc. (NASDAQ:RIVN) and would like to learn more about a potential refund under the U.S. securities laws, please visit the following link for more information:
or contact Joseph E. Levi, Esq. by email at (email protected) or call (212) 363-7500 to speak with our team of experienced shareholder representatives.
THE LEGAL DISPUTE: A class action lawsuit has been filed against Rivian Automotive, Inc. to recover losses suffered by shareholders harmed by alleged securities fraud between August 12, 2022 and February 21, 2024.
CASE DETAILS: The complaint alleges that defendants made misrepresentations 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.
WHAT’S NEXT? If you suffered a loss on Rivian stock during the relevant period, even if you still own your shares, visit https://zlk.com/pslra-1/rivian-automotive-inc-lawsuit-submission-form?prid=90223&wire=1 to learn more about your rights to a refund. Participation is free of charge and involves no obligations.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally recognized securities litigation firm that has recovered hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive experience representing investors in complex securities litigation and a team of over 70 people serving our clients. For seven consecutive years, Levi & Korsinsky has been ranked as one of the top securities litigation firms in the United States in the ISS Securities Class Action Services Top 50 Report. Attorney Advertising. Past results do not guarantee similar results.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
(email protected)
Phone: (212) 363-7500
Fax: (212) 363-7171
https://zlk.com/
SOURCE: Levi & Korsinsky, LLP
