June 24, 2024


Advocacy. Mediation. Success.


NEW YORK, NY / ACCESSWIRE / April 26, 2022 / Jakubowitz Legislation announces that securities fraud class motion lawsuits have commenced on behalf of shareholders of the adhering to publicly-traded businesses who ordered shares in just the course periods detailed below. Shareholders intrigued in symbolizing the course of wronged shareholders have until the lead plaintiff deadline to petition the courtroom. Your capacity to share in any recovery will not demand that you provide as a direct plaintiff. For additional details and to speak with our agency without the need of price or obligation, abide by the one-way links under.

Rivian Automotive, Inc. RIVN

Make contact with JAKUBOWITZ ABOUT RIVN:

This lawsuit is on behalf of investors that ordered or usually obtained Rivian prevalent inventory pursuant and/or traceable to Rivian’s preliminary general public supplying on November 10, 2021 and/or in between November 10, 2021, and March 10, 2022.

Lead Plaintiff Deadline: May well 6, 2022

Documents issued in connection with the original community giving contained representations that were materially inaccurate, deceptive, and/or incomplete due to the fact they unsuccessful to disclose, among other points, that the R1T electrical pickup truck and R1S electrical SUV ended up underpriced to these a degree that Rivian would have to raise charges soon right after the IPO and that these rate increases would tarnish Rivian’s reputation as a trustworthy and transparent corporation and would place a major number of the existing backlog of 55,400 preorders, alongside with long term preorders, in jeopardy of cancellation.

Celsius Holdings, Inc. CELH


Class Time period : August 12, 2021 – March 1, 2022

Direct Plaintiff Deadline: May well 16, 2022

The submitted complaint alleges that defendants created materially fake and/or misleading statements and/or failed to disclose that: (1) the Corporation had improperly recorded fees for non-hard cash share-primarily based payment for 2nd and 3rd quarters of 2021 (2) as a final result, the Firm’s financial statements for those periods would be restated, together with to report a web reduction for the 3rd quarter of 2021 (3) there was a materials weakness in Celsius’s interior controls above money reporting and (4) as a end result of the foregoing, defendants’ positive statements about the Company’s company, operations, and potential customers ended up materially misleading and/or lacked a realistic basis.

Volta Inc. VLTA


Course Period : August 2, 2021 – March 28, 2022

Direct Plaintiff Deadline: May well 31, 2022

The filed grievance alleges that defendants made materially wrong and/or deceptive statements and/or unsuccessful to disclose that: (1) Volta had improperly accounted for limited stock models issued in link with the business enterprise combination of Volta Industries, Inc. (“Legacy Volta”) and Tortoise Acquisition Corp. II (2) as a result, the Enterprise experienced understated its web loss for 3rd quarter 2021 (3) there had been materials weaknesses in the Firm’s interior control in excess of money reporting that resulted in a material mistake (4) as a end result of the foregoing, the Enterprise would restate its financial statements (5) as a outcome of the foregoing, Legacy Volta’s founders would imminently exit the Corporation (6) as a consequence, the Firm’s fiscal outcomes would be adversely impacted and (7) as a result of the foregoing, defendants’ positive statements about the Company’s small business, functions, and potential clients have been materially misleading and/or lacked a realistic basis.

Jakubowitz Legislation is vigorous in pursuit of justice for shareholders who have been the target of securities fraud. Lawyer promoting. Prior success do not assure identical outcomes.

1140 Avenue of the Americas
9th Flooring
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887

Source: Jakubowitz Regulation

See source variation on accesswire.com: