NEW
YORK, July 12, 2024 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders
of Rivian Automotive, Inc. (NASDAQ: RIVN).
Shareholders who purchased shares of RIVN during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/rivian-automotive-inc-loss-submission-form-2/?id=90344&from=4
CLASS PERIOD: August 12,
2022 to February 21, 2024
ALLEGATIONS: The complaint alleges that
during the class period, Defendants issued materially false and/or
misleading statements and/or failed to disclose that: (i) Rivian
had overstated demand for its products, as well as its ability to
withstand negative, near-term macroeconomic impacts; (ii)
accordingly, Rivian's business was experiencing reduced demand and
increased customer cancellations as a result of, inter alia, high
interest rates; (iii) as a result, Rivian's order bank had
significantly deteriorated; (iv) all the foregoing was likely to,
and did, negatively impact the Company's anticipated earnings and
vehicle production targets for 2024; and (v) as a result, the
Company's public statements were materially false and misleading at
all relevant times.
DEADLINE: July 30, 2024
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/rivian-automotive-inc-loss-submission-form-2/?id=90344&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of RIVN during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is July 30, 2024. There is no cost or
obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm
