Welcome, Login to your account.
Recover your password.
A password will be e-mailed to you.
LAWYER MONTHLY – Lawyer Monthly is a Legal News Publication featuring the Latest Deals, Appointments and Expert Insights from Legal Professionals around the Globe.
NEW YORK–(BUSINESS WIRE)–#Class–Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Electric Last Mile Solutions, Inc. (“Electric Last Mile” or the “Company”) (NASDAQ: ELMS) in the United States District Court for the District of New Jersey on behalf of all persons and entities who purchased or otherwise acquired Electric Last Mile securities between March 31, 2021 and February 1, 2022, both dates included (the “Class Period”). Investors have until April 4, 2022 to apply to the Court to be appointed as lead plaintiff in the lawsuit. 
Click here to participate in the action.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose: (1) ELMS’s previously issued financial statements were false and unreliable; (2) ELMS’s earlier reported financial statements would need restatement; (3) certain ELMS executives and/or directors purchased equity in the Company at substantial discounts to market value without obtaining an independent valuation; (4) on November 25, 2021 (Thanksgiving), the Company’s Board formed an independent Special Committee to conduct an inquiry into certain sales of equity securities made by and to individuals associated with the Company; and (5) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
If you purchased or otherwise acquired Electric Last Mile shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Alexandra Raymond by email at [email protected], telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Alexandra B. Raymond, Esq.
(212) 355-4648
[email protected]
www.bespc.com
INVESTIGATION ALERT: The Schall Law Firm Encourages Investors in Meta Platforms, Inc.…
GREENIDGE ALERT: Bragar Eagel & Squire, P.C. is Investigating Greenidge…
ANAVEX ALERT: Bragar Eagel & Squire, P.C. is Investigating Anavex Life Sciences…
Lost Money in Electric Last Mile Solutions, Inc.?
Comments are closed.
Law Jobs
View More Jobs
Business Wire News
INVESTIGATION ALERT: The Schall Law Firm Encourages Investors in Meta…
GREENIDGE ALERT: Bragar Eagel & Squire, P.C. is Investigating…
ELECTRIC LAST MILE ALERT: Bragar Eagel & Squire, P.C. Announces…
ANAVEX ALERT: Bragar Eagel & Squire, P.C. is Investigating Anavex…
Lawyer Monthly is a news website and monthly legal publication with content that is entirely defined by the significant legal news from around the world.
Welcome, Login to your account.
Recover your password.
A password will be e-mailed to you.
