NEW YORK–(COMMERCIAL THREAD) –WHY: Rosen Law Firm, a global investor rights law firm, reminds buyers of securities of Arcimoto Inc. (NASDAQ: FUV) between February 14, 2018 and March 22, 2021 inclusive (the âClass Periodâ ), the important June 21, 2021, lead applicant deadline in the securities class action brought by the firm.
SO WHAT: If you purchased any securities of Arcimoto during the Class Period, you may be entitled to compensation without payment of any costs or additional charges through a contingency fee agreement.
WHAT TO DO NEXT: To join the Arcimoto class action lawsuit, go to http://www.rosenlegal.com/cases-register-2064.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by emailing [email protected] or [email protected] for information on the class action. A class action has already been filed. If you want to serve as the principal applicant, you must move the court no later than June 21, 2021. A principal plaintiff is a representative party acting on behalf of the other members of the class to direct the litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in leadership roles. Often, review companies do not have comparable experience or resources. Rosen law firm represents investors around the world, focusing its practice on class actions in securities and derivative litigation between shareholders. Rosen law firm has secured the largest securities class action settlement against a Chinese company. Rosen law firm was ranked # 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds millions of dollars for investors. In 2019 alone, the company raised more than $ 438 million for investors. In 2020, founding partner Laurence Rosen was appointed by law360 as the Titan of Plaintiffs’ Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, the defendants throughout the litigation period made false and / or misleading statements and / or failed to disclose that: (1) the pre-orders of Amusement Utility Vehicles (“FUVs”) of Arcimoto were either made or never completed, with only 19 units shipped on an alleged pre-order of 422; (2) Arcimoto failed to disclose to customers that nearly 100% of its delivered vehicles were subject to a safety recall; (3) Arcimoto’s largest customer, R-Key-Moto, was an undisclosed related party owned by insider FOD Capital, LLC; (4) Arcimoto’s partnership with HULA was an undisclosed related party transaction; and (5) accordingly, the defendants’ public statements were materially false and / or misleading at all material times. When the real details entered the market, the lawsuit claims that investors have suffered damage.
To join the Arcimoto class action lawsuit, go to http://www.rosenlegal.com/cases-register-2064.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by emailing [email protected] or [email protected] for information on the class action.
No class has been certified. Until a group is certified, you are not represented by a lawyer unless you hire one. You can choose the lawyer of your choice. You can also remain an absent group member and do nothing at this point. The ability of an investor to participate in any potential future payback does not depend on whether he is a principal applicant.
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