NASDAQ: RIVN Lawsuit Alert: Investors Who Lost Money With Shares of Rivian Automotive, Inc. (NASDAQ:RIVN) Should Contact the Shareholders Foundation
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SAN DIEGO, CA, September 18, 2024 (Newswire.com) - A lawsuit is pending for certain investors in Rivian Automotive, Inc. (NASDAQ: RIVN) shares. Investors in shares of Rivian Automotive, Inc. (NASDAQ: RIVN) should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in Rivian Automotive, Inc. (NASDAQ: RIVN) shares.
Investors who purchased shares of Rivian Automotive, Inc. (NASDAQ: RIVN) prior to August 2022 and continue to hold any of those NASDAQ: RIVN shares have also certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On February 21, 2024, Rivian Automotive, Inc. announced its fourth quarter and full year 2023 financial results. Among other items, Rivian Automotive, Inc. also announced that it expected to produce 57,000 vehicles in 2024, significantly lower than analyst expectations of 80,000 vehicles. Rivian Automotive, Inc. further forecasted an adjusted earnings before interest, taxes, depreciation, and announced plans to cut 10% of salaried staff, citing economic uncertainty
On May 31, 2024, an investor in NASDAQ: RIVN shares filed a lawsuit against Rivian Automotive, Inc. over alleged securities laws violations. The plaintiff alleged that the defendants made false and/or misleading statements and/or failed to disclose that Rivian had overstated demand for its EVs, that Rivian had concealed the negative effect inflation and higher interest rates were having on demand for its EVs, that the number of orders in Rivian's order bank had decreased due to cancellations and other factors, that Rivian was failing to ramp up its production of EVs at the rate it claimed, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased Rivian Automotive, Inc. (NASDAQ: RIVN) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
Contact Information
Michael Daniels
Manager
mail@shareholdersfoundation.com
858-779-1554
SOURCE: Shareholders Foundation, Inc
Source: Shareholders Foundation, Inc.
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Tags: class action, lawsuit, NASDAQ: RIVN, Rivian Automotive