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SAN DIEGO, Feb. 19, 2022 /PRNewswire/ — The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers of Arrival SA (NASDAQ:ARVL) common shares between November 18, 2020 and November 19, 2021inclusive (the “Class Period”) have until this upcoming Tuesday, February 22, 2022 to seek appointment in Schmutter v. Arrival SANo. 21-cv-11016 (SDNY). Commenced on December 22, 2021the Arrival class action lawsuit charges Arrival and certain of its top executives with violations of the Securities Exchange Act of 1934. A similar lawsuit, Sanchez v. Arrival SANo. 22-cv-00172 (EDNY), is pending in the Eastern District of New York.
If you suffered substantial losses and wish to serve as lead plaintiff of the Arrival 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 Arrival class action lawsuit must be filed with the court no later than this upcoming Tuesday, February 22, 2022.
CASE ALLEGATIONS: Arrival (formerly Arrival Luxembourg S.à rl) is a manufacturer and distributor of commercial electric vehicles (“EVs”), including vans, cars, and buses. On March 24, 2021Arrival consummated a business combination with CIIG Merger Corp. (“CIIG”). Prior to its business combination with Arrival, CIIG was a special purpose acquisition company (“SPAC”), also known as a “blank check” company, incorporated for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. Upon the consummation of the merger, CIIG changed its name to Arrival Vault US Inc. On
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