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SAN DIEGO, March 27, 2022 (GLOBE NEWSWIRE) — The law firm of Robbins Geller Rudman & Dowd LLP announces that the Rivian class action lawsuit now seeks to represent purchasers of Rivian Automotive, Inc. (NASDAQ:RIVN) common stock: (1) pursuant or traceable to Rivian’s initial public offering on or about November 10, 2021 (“IPO”); and (2) between November 10, 2021, and March 10, 2022, inclusive (the “Class Period” “). Commenced on March 7, 2022, the first-filed Rivian class action lawsuit – captioned Crews v. Rivian Automotive, Inc.No. 22-cv-01524 (CD Cal.) – 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. A subsequently-filed complaint – captioned Horvath v. Rivian Automotive, Inc.No. 22-cv-00444 (CD Cal.) – 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 and/or Securities Exchange Act of 1934 .
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 … …
Full story available on Benzinga.com
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