Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Nov. 22, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Lilium N.V. ("Lilium" or the "Company") (NASDAQ: LILM) investors of a class action representing investors that bought securities between June 11, 2024 to November 3, 2024, inclusive (the "Class Period"). Lilium investors have until January 6, 2025 to file a lead plaintiff motion.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
The complaint claims that during the relevant period, the Defendants made materially false and/or misleading statements and/or failed to disclose the following: (1) the Defendants exaggerated the progress of the Company’s fundraising efforts; (2) they overstated the likelihood and/or feasibility of securing enough funding to sustain operations; (3) they did not adequately reveal the imminent risk of insolvency faced by the Company and its subsidiaries; and (4) as a result, the Defendants' optimistic statements regarding the Company’s business, operations, and future prospects were misleading and/or lacked a solid foundation.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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