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Class Action Lawsuit Deadline: Kessler Topaz Meltzer & Check, LLP Reminds Investors of Securities Fraud Class Action Lawsuit Filed Against Canoo Inc
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Class Action Lawsuit Deadline: Kessler Topaz Meltzer &
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Canoo Holdings Ltd. ( Canoo Holdings ) was an electric vehicle ( EV ) company that touted a unique business model that defies traditional ownership to put customers first. On or about December 21, 2020, Canoo Holdings became a public entity via merger with Hennessy Capital, with the surviving entity named Canoo (the Merger ).
The Class Period commences on August 18, 2020, when Hennessy Capital and Canoo Holdings issued a joint press release announcing the Merger. In its press release, Canoo Holdings touted its engineering services line and the Hyundai partnership for the co-development of a future EV platform.
On March 29, 2021, after the market closed, Canoo held a conference call in connection with its fourth quarter 2020 financial results which were released the same day. During the call, defendant, Tony Aquila, a director of Canoo since the closing of the Merger, revealed that Canoo would no longer focus on its engineering services line. The same day, Canoo also announced th
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RADNOR, Pa., May 18, 2021 /PRNewswire/ The law firm of Kessler Topaz Meltzer & Check, LLP reminds Canoo Inc. (NASDAQ: GOEV; GOEVW) ( Canoo ) f/k/a Hennessy Capital Acquisition Corp. IV (NASDAQ: HCAC; HCACW; HCACU) ( Hennessy Capital ) shareholders of deadline in securities fraud class action lawsuit filed on behalf of those who purchased or acquired Canoo securities
between August 18, 2020 and March 29, 2021, inclusive (the Class Period ).
Investor Deadline Reminder: Investors who purchased or acquired Canoo securities
during the Class Period may,
no later than June 1, 2021, seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this litigation please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453 or Adrienne Bell, Esq. (484) 270-1435; toll free at (844) 887-9500; via e-mail at[email protected];
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