SHAREHOLDER ALERT: CLAIMSFILER REMINDS CYDY, RIDE, ROOT, VRM INVESTORS of Lead Plaintiff Deadline in Class Action Lawsuits
May 07, 2021 22:34 ET | Source: SkyMedia, LLC SkyMedia, LLC Abita Springs, Louisiana, UNITED STATES
NEW ORLEANS, May 07, 2021 (GLOBE NEWSWIRE) ClaimsFiler, a FREE shareholder information service, reminds investors of pending deadlines in the following securities class action lawsuits:
Lordstown Motors Corp. (RIDE)
Lead Plaintiff Motion Deadline: May 17, 2021
SECURITIES FRAUD
CytoDyn, Inc. (CYDY)
Lead Plaintiff Motion Deadline: May 17, 2021
SECURITIES FRAUD
Root, Inc. (ROOT)
Class Period: 10/28/2020 - 3/8/2021, or shares issued pursuant and/or traceable to the October 2020 Initial Public Offering
Lead Plaintiff Motion Deadline: May 18, 2021
SECURITIES FRAUD, MISLEADING PROSPECTUS
RIDE Securities Fraud Class Action:
The complaint alleges defendants misled investors by (i) falsely touting customer pre-orders when they were non-binding agreements, (ii) concealing that many would-be customers lacked the means to make such purchases, (iii) misstating that Lordstown was on track to commence production of the Endurance in Sept. 2021, and (iv) omitting to disclose that the first Endurance test run resulted in the vehicle quickly bursting into flames.
Investors began to learn the truth on Mar. 12, 2021, when
Hindenburg Research published a report, claiming that the 100,000 pre-orders for Lordstown s EV truck are largely fictitious and used as a prop to raise capital and confer legitimacy.
Press release content from NewMediaWire. The AP news staff was not involved in its creation.
LORDSTOWN CLASS ACTION REMINDER
Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Lordstown To Contact Him Directly To Discuss Their Options
NEW YORK - ( NewMediaWire ) - May 06, 2021 - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Lordstown Motors Corp. (“Lordstown” or the “Company”) (NASDAQ:RIDE) and reminds investors of the May 17, 2021 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
If you suffered losses exceeding $50,000 investing in Lordstown stock or options between August 3, 2020 and March 17, 2021 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional informa