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ROSEN, A TOP RANKED LAW FIRM, Encourages Workhorse Group Inc. Investors with Losses over $500K .
The Rosen Law Firm PAApril 29, 2021 GMT
NEW YORK, April 29, 2021 (GLOBE NEWSWIRE) WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Workhorse Group Inc. (NASDAQ: WKHS) between July 7, 2020 and February 23, 2021, inclusive (the “Class Period”), of the important May 7, 2021 lead plaintiff deadline.
SO WHAT: If you purchased Workhorse securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
According to the lawsuit, defendants throughout the Class Period made misleading and/or false statements and/or failed to disclose that: (1) Workhorse was merely hoping that USPS would choose an electric vehicle as its Next Generation Delivery Vehicle, but had no indication or assurance from USPS that this was the case; (2) Workhorse had concealed the fact that electrifying the USPS’s entire fleet would be impractical and astronomically expensive which had been revealed by the postmaster general in explaining the ultimate decision not to select an electric vehicle; and (3) defendants’ statements about Workhorse’s prospects, business, and operations were materially misleading and false and/or lacked a reasonable basis at all relevant times, as a result. This lawsuit claims that investors suffered damages when the true details entered the market.
According to the lawsuit, defendants throughout the Class Period made misleading and/or false statements and/or failed to disclose that: (1) Workhorse was merely hoping that USPS would choose an electric vehicle as its Next Generation Delivery Vehicle, but had no indication or assurance from USPS that this was the case; (2) Workhorse had concealed the fact that electrifying the USPS’s entire fleet would be impractical and astronomically expensive which had been revealed by the postmaster general in explaining the ultimate decision not to select an electric vehicle; and (3) defendants’ statements about Workhorse’s prospects, business, and operations were materially misleading and false and/or lacked a reasonable basis at all relevant times, as a result. This lawsuit claims that investors suffered damages when the true details entered the market.
Operator
Greetings, and welcome to the Oshkosh Corporation Fiscal 2021 Second Quarter Results Conference Call. [Operator Instructions]
It is now my pleasure to introduce your host, Pat Davidson, Senior Vice President of Investor Relations for Oshkosh Corporation. Thank you, sir. You may begin.
Patrick Davidson
Senior Vice President, Investor Relations
Good morning, and thanks for joining us. Earlier today, we published our second quarter 2021 results. A copy of the release is available on our website at oshkoshcorp.com. Today s call is being webcast and is accompanied by a slide presentation, which includes a reconciliation of GAAP to non-GAAP financial measures that we will use during this call and is also available on our website. The audio replay and slide presentation will be available on our website for approximately 12 months. Please refer now to slide two of that presentation. Our remarks that follow, including answers to your questions, contain statements that we beli