Rosen Law Firm sets deadline for Rivian investors

Rosen Law Firm, a prominent global investor rights law firm, has issued a reminder to individuals who purchased securities of Rivian Automotive, Inc. (NASDAQ: RIVN) between March 1, 2023, and February 21, 2024. The firm has set a lead plaintiff deadline of June 18, 2024, for those who wish to seek compensation for potential damages incurred during the specified Class Period.

Investors who bought Rivian securities within the mentioned timeframe may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement. To participate in the class action lawsuit, individuals can visit the Rosen Law Firm website or contact Phillip Kim, Esq. via phone or email for further details.

The lawsuit alleges that Rivian misrepresented its product demand and financial resilience to economic challenges, leading to reduced demand, increased cancellations, and a decline in the order bank. These factors were believed to have negatively impacted Rivian's earnings and production targets for 2024, ultimately misleading investors.

It is essential for affected investors to take timely action if they wish to serve as lead plaintiff in the case. The Rosen Law Firm, known for its expertise in securities class actions, emphasizes the importance of selecting qualified legal representation to navigate such complex litigation processes.

As the case unfolds, investors are advised to stay informed about any developments and potential recovery opportunities. The outcome of this lawsuit could have significant implications for individuals affected by the alleged misrepresentations made by Rivian Automotive, Inc.