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SAN DIEGO, Feb. 06, 2022 (GLOBE NEWSWIRE) — The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Electric Last Mile Solutions, Inc. f/k/a Forum Merger III Corp. (NASDAQ:ELMSELMSW)) publicly traded securities between March 31, 2021 and February 1, 2022, inclusive (the “Class Period”) have until April 4, 2022 to seek appointment as lead plaintiff in Hacker v. Electric Last Mile Solutions, Inc. f/k/a Forum Merger III Corp.No. 22-cv-00545 (DNJ). Commenced on February 3, 2022, the Electric Last Mile class action lawsuit charges Electric Last Mile and certain of its top executives with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the Electric Last Mile class action lawsuit, please provide your information by clicking here. You can also contact attorney JC Sanchez of Robbins Geller Rudman & Dowd LLP by calling 800/449-4900 or via e-mail at jsanchez@rgrdlaw.com. Lead plaintiff motions for the Electric Last Mile class action lawsuit must be filed with the court no later than April 4, 2022.
CASE ALLEGATIONS: Electric Last Mile purports to be a pure-play commercial electric vehicle company. On June 25, 2021, Electric Last Mile, Inc. and Forum Merger III Corp., a special purpose acquisition company (“SPAC”) or blank check company, closed the merger which resulted in Electric Last Mile. Prior to the merger, Electric Last Mile’s securities traded on the NASDAQ under the ticker symbols FIII, FIIIU, and FIIIW.
The Electric Last Mile class action lawsuit alleges that, throughout the Class Period, defendants made false and misleading statements and failed to disclose that: (i) Electric Last Mile’s previously issued financial statements were false and unreliable; (ii) Electric Last Mile’s earlier reported financial statements .. .
Full story available on Benzinga.com
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