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SAN FRANCISCO, April 02, 2022 (GLOBE NEWSWIRE) — Hagens Berman urges Electric Last Mile Solutions, Inc. (NASDAQ:ELMS) investors and Forum Merger III Corporation (NASDAQ:FIIIFIIIU, FIIIW)) investors with significant losses to submit your losses now. A securities class action has been filed.
Class Period: Mar. 31, 2021 – Feb. 1, 2022
Lead Plaintiff Deadline: Apr. 4, 2022
Visit: https://www.hbsslaw.com/investor-fraud/ELMS
Contact An Attorney Now: ELMS@hbsslaw.com
844-916-0895
Electric Last Mile Solutions, Inc. (ELMS) Securities Class Action:
The litigation focuses on Electric Last Mile’s admitted false financial statements.
The complaint alleges defendants misrepresented and concealed that: (1) ELMS’s earlier reported financial statements were false; (2) the company’s financial statements required restatement; (3) certain ELMS executives or directors purchased ELMS securities at substantial market discounts without first obtaining independent valuations ; and, (4) the company’s board had formed a special committee on Nov. 25, 2021, …
Full story available on Benzinga.com
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