Important Notice for Investors of Lilium N.V. on Loss Recovery
Important Information for Investors of Lilium N.V.
Investors with stakes in Lilium N.V., a company listed under the ticker LILM, should be aware of recent developments regarding recovery options for their losses. The Portnoy Law Firm is extending its services at no cost to inform affected investors about their legal rights and options.
Class Action Notification
The Portnoy Law Firm has initiated a class action on behalf of investors who purchased securities during the specified class period, which runs from June 11, 2024, to November 3, 2024. This represents a crucial opportunity for investors who may have suffered financial setbacks during this timeframe.
Filing a Lead Plaintiff Motion
It is critical for investors to understand that the deadline to file a lead plaintiff motion in this case is set for January 6, 2025. Taking action before this deadline is essential to ensure participation in the proceedings.
Expert Legal Counsel Available
Attorney Lesley F. Portnoy is available to discuss individual cases with investors. She can be contacted directly at 310-692-8883 or via email. The firm offers complimentary evaluations to determine the best course of action for those affected.
Understanding Your Rights
During the class period, the alleged misinformation from Lilium's management reportedly included exaggerated claims about fundraising progress and the viability of ongoing operations. Investors were not adequately informed of the severe risks, including potential insolvency, that the company faced. Such omissions have led to significant losses for many shareholders.
Recourse for Investors
For investors who are concerned about their financial losses, the Portnoy Law Firm emphasizes that it is possible to pursue claims related to the company’s alleged wrongdoings. With a history of successfully recovering over $5.5 billion for clients, the firm is well-equipped to assist in this matter.
Next Steps for Affected Investors
Investors are encouraged to gather documentation related to their holdings in Lilium N.V. and prepare to provide this information to the law firm. By taking proactive steps, affected individuals can work towards recovering their losses while holding the company accountable for its actions.
Frequently Asked Questions
What is the class action about?
The class action is focused on investors who bought Lilium N.V. securities during a defined period and suffered losses due to misleading statements made by the company's management.
What should I do if I invested in Lilium N.V.?
If you invested in Lilium N.V., it's important to contact the Portnoy Law Firm to discuss your potential claims and the options available to you.
Who can join the class action?
Anyone who purchased Lilium securities during the class period from June 11, 2024, to November 3, 2024, is encouraged to participate in the class action.
What happens if I miss the filing deadline?
Missing the January 6, 2025 deadline to file a lead plaintiff motion could jeopardize your ability to participate in the lawsuit and recover potential losses.
How can I contact the Portnoy Law Firm?
You can reach Lesley F. Portnoy at 310-692-8883 or through email for any inquiries regarding your case or legal rights.
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