RIVN - RIVIAN ALERT: Bragar Eagel & Squire P.C. Announces that a Class Action Lawsuit Has Been Filed Against Rivian Automotive Inc. and Encourages Investors to Contact the Firm | Benzinga
NEW YORK, April 22, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Rivian Automotive, Inc. ("Rivian" or the "Company") (NASDAQ:RIVN) in the United States District Court for the Central District of California on behalf of all persons and entities who purchased or otherwise acquired Rivian securities between March 1, 2023 and February 21, 2024, both dates inclusive (the "Class Period"). Investors have until June 18, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
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Rivian, together with its subsidiaries, designs, develops, manufactures, and sells electric vehicles and accessories. The Company sells its products directly to customers in the consumer and commercial markets.
The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Rivian had overstated demand for its products, ...