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SAN DIEGO, March 19, 2022 (GLOBE NEWSWIRE) — The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers of Rivian Automotive, Inc. (NASDAQ:RIVN) common stock pursuant or traceable to Rivian’s initial public offering on or about November 10, 2021 (“IPO”) have until May 6, 2022 to seek appointment as lead plaintiff in Crews v. Rivian Automotive, Inc.No. 22-cv-01524 (CD Cal.). Commenced on March 7, 2022, the Rivian class action lawsuit charges Rivian, certain of its top executive officers and directors, as well as the underwriters of the IPO with violations of the Securities Act of 1933.
If you suffered substantial losses and wish to serve as lead plaintiff of the Rivian class action lawsuit, please provide your information by clicking here. You can also contact attorney JC Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at jsanchez@rgrdlaw.com. Lead plaintiff motions for the Rivian class action lawsuit must be filed with the court no later than May 6, 2022.
CASE ALLEGATIONS: Rivian is an electric vehicle (“EV”) company that purports to design, develop, and manufacture category-defining EVs and accessories and sell them directly to customers in the consumer and commercial markets. In 2018, Rivian unveiled its first consumer EVs: the R1T electric pickup truck and the R1S electric SUV. On November 10, 2021, Rivian offered 153 million shares to the public through an IPO at a price of $78.00 per share for total proceeds of $11.93 billion. According to the IPO’s registration statement, the “R1T and R1S…
Full story available on Benzinga.com
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