Feb 1, 2022 | Filed Securities Cases
Class Action Lawsuit Filed On Behalf Of Investors Who Purchased, Or Otherwise Acquired, The Securities Of Electric Last Mile Solutions, Inc. (“Electric Last Mile” or the “Company”) (NASDAQ: ELMS) Between March 31, 2021 And February 1, 2022, Both Dates Inclusive (the “Class Period”).
INVESTORS WHO PURCHASED, OR OTHERWISE ACQUIRED, THE SECURITIES OF ELECTRIC LAST MILE SOLUTIONS DURING THE CLASS PERIOD AND SUFFERED FINANCIAL LOSSES ARE ENCOURAGED TO DISCUSS JOINING THE CLASS ACTION LAWSUIT BY CLICKING JOIN THE SECURITIES CLASS ACTION OR SECURITIES CLASS ACTION QUESTIONNAIRE.
Electric Last Mile Files Form 8-K Reporting Non-Reliance on Previously Issued Financial Statements
After the market closed for trading on February 1, 2022, Electric Last Mile filed a Form 8-K which, among other things, stated that “[o]n January 26, 2022, on the basis of the Special Committee investigation . . . the Board concluded that the previously issued consolidated financial statements of Electric Last Mile, Inc. as of December 31, 2020 and the period from August 20, 2020 (inception) through December 31, 2020 included in the Company’s Registration Statement on Form S-1 . . . (the ‘Audited Financial Statements’) should be restated and, therefore, should no longer be relied upon.”
Electric Last Mile also reported that “[i]n addition, the Board concluded that the Company’s financial statements as of and for the six months ended June 30, 2021 included in its Quarterly Report on Form 10-Q . . . filed on August 13, 2021 and the Company’s financial results as of and for the nine months ended September 30, 2021 included in its Quarterly Report on Form 10-Q . . . filed on November 12, 2021 should no longer be relied upon (together with the Audited Financial Statements, the ‘Non-Reliance Periods’).” [Emphasis added.]
On this news, the stock price of Electric Last Mile Solutions was down more than 21% in after-hours trading on February 1, 2022.
ELECTRIC LAST MILE INVESTORS WHO ACQUIRED THEIR SECURITIES DURING THE CLASS PERIOD AND SUFFERED FINANCIAL LOSSES ARE ALSO ENCOURAGED TO CONTACT JOHN KEHOE, ESQ., (215) 792-6676, EXT. 801, [email protected], [email protected], TO DISCUSS THE ELECTRIC LAST MILE CLASS ACTION LAWSUIT OR POTENTIAL LEGAL CLAIMS.
Feb 1, 2022 | Blog, Consumer Protection
Investigation On Behalf of Owners Of Beretta Firearms, Including Beretta Shotguns, Beretta Rifles, and Beretta Pistols, Assembled With a Synthetic Stock or Pistol Grip
Kehoe Law Firm, P.C. is investigating potential consumer class action claims on behalf of individuals in the United States who purchased a Beretta firearm with a synthetic stock or pistol grip anytime from 1999 through January 31, 2022.
The investigation concerns whether, after several years of normal and expected use, the rubberized inserts on the synthetic stocks degrade to become extremely sticky or tacky to the touch, thereby impeding and diminishing the ability of Beretta owners to use their Beretta firearms in a manner reasonably expected. Beretta owners of these degraded stocks and fore-ends generally refer to this degradation as “Beretta sticky stock.”
U.S. Purchasers Of Beretta Firearms, Including Beretta Shotguns, Beretta Rifles, and Beretta Pistols
If you purchased a Beretta firearm with a synthetic stock or pistol grip anytime from 1999 through January 31, 2022, you are encouraged to contact Kehoe Law Firm, P.C. for a no-obligation evaluation of potential legal claims by completing the form above on the right or via e-mail to [email protected].
Feb 1, 2022 | Data Breach
ReproSource Fertility Diagnostics, Inc. – Data Security Incident Affects 350,000 Individuals*
ReproSource Fertility Diagnostics has reported that on August 8, 2021, an unauthorized party accessed the ReproSource network. The company discovered ransomware on August 10, 2021.
The company’s investigation did not confirm that the unauthorized party acquired data in the incident, but out of an abundance of caution, ReproSource Fertility Diagnostics notified individuals whose personal information may have been accessed.
According to the company, the personal information included name and one or more of the following: address, phone number, email address, date of birth, billing and health information, such as CPT codes, diagnosis codes, test requisitions and results, test reports and/or medical history information, health insurance or group plan identification names and numbers, and other information provided by the individual or treating physician.
Have You Been Harmed As A Result Of A Data Breach Which Has Exposed Your Private Personal, Protected Health Or Personally Identifiable Information?
If you have experienced actual or attempted harm or been the victim of fraud, due to the illegal or unauthorized exposure of your private personal, protected health or personally identifiable information, please contact Kehoe Law Firm, P.C., [email protected], for a free, confidential consultation and no-obligation evaluation of potential legal claims.
*Source: Office of The Maine Attorney General, Data Breach Notifications.
Feb 1, 2022 | Car Problems Car Complaints
Pacifica Hybrid (2017-2018)
Vehicle fire when parked. Owners advised to stop recharging the Chrysler Pacifica Hybrid vehicles and to park them away from structures and other vehicles. Chrysler (FCA US, LLC) is recalling certain 2017-2018 Pacifica Plug-In Hybrid Electric Vehicles. A vehicle fire can occur when parked, even with the ignition in the “Off” position. Owners are advised not to recharge their vehicles, and to park outside and away from structures, until they are repaired. For more information about this recall, which potentially affects 16,741 Pacifica Hybrid Electric Vehicles, please click NHTSA Campaign Number: 22V077000.
RAM 2500 (2019-2020) / RAM 3500 (2019-2020) / RAM 4500 (2019-2020) / RAM 5500 (2019-2020)
Windshield wipers may not operate properly. Reduced visibility increases the risk of a crash. Chrysler (FCA US, LLC) is recalling certain 2019-2020 Ram 2500 and Ram 3500 vehicles, Ram 3500 Cab Chassis, 4500 Cab Chassis, 5500 Cab Chassis and 3500 Cab Chassis with a gross vehicle weight rating (“GVWR”) of less than 10,000 lbs. The windshield wiper arms may loosen, possibly causing the wipers to function improperly and reduce the driver’s visibility in certain weather conditions. For additional information about this safety recall, which potentially affects 171,789 vehicles, please click NHTSA Campaign Number 22V035000.
How Do You Know If Your Vehicle Has Been Recalled?
Your vehicle MAY be involved in a safety recall which MAY create a safety risk for you or your passengers. If not repaired, a potential safety defect could lead to injury or even death. Safety defects must be repaired by a dealer at no cost to you. To find out if your vehicle is included in the recall, please use the NHTSA’s VIN Look-up Tool.
What Is A Vehicle Recall?
When a manufacturer or the NHTSA determines that a vehicle creates an unreasonable risk to safety or fails to meet minimum safety standards, the manufacturer is required to fix that vehicle at no cost to the owner. The fix, or repair, can be accomplished by repairing, replacing, offering a refund (for equipment) or, in rare cases, repurchasing the car/vehicle.
What Should I Do If My Vehicle Is Included In This Recall?
If your vehicle is included in a specific recall, it is very important that you get it fixed as soon as possible given the potential danger to you and your passengers if it is not addressed. You should receive a separate letter in the mail from the vehicle manufacturer, notifying you of the recall and explaining when the remedy will be available, whom to contact to repair your vehicle, and to remind you that the repair will be done at no charge to you. If you believe your vehicle is included in the recall, but you do not receive a letter in the mail from the vehicle manufacturer, please call NHTSA’s Vehicle Safety Hotline at 1-888-327-4236, or contact your vehicle manufacturer or dealership.
For additional information about vehicle recalls, please click Vehicle Recall FAQs.
Source: U.S. Department of Transportation, National Highway Traffic Safety Administration
VEHICLE OWNERS AND LESSEES AFFECTED BY AUTOMOTIVE DEFECTS OR SAFETY RECALLS ARE ENCOURAGED TO CONTACT KEHOE LAW FIRM, P.C., [email protected], FOR A FREE, CONFIDENTIAL CONSULTATION AND NO-OBLIGATION EVALUATION OF POTENTIAL LEGAL CLAIMS.
Feb 1, 2022 | Blog, Consumer Protection
A Summary Of Major Consumer Rights Under The Fair Credit Reporting Act*
The federal Fair Credit Reporting Act (“FCRA”) promotes the accuracy, fairness, and privacy of information in the files of consumer reporting agencies. There are many types of consumer reporting agencies, including credit bureaus and specialty agencies, such as agencies that sell information about check writing histories, medical records, and rental history records.
You must be told if information in your file has been used against you. Anyone who uses a credit report or another type of consumer report to deny your application for credit, insurance, or employment – or to take another adverse action against you – must tell you, and must give you the name, address, and phone number of the agency that provided the information.
You have the right to know what is in your file. You may request and obtain all the information about you in the files of a consumer reporting agency (your “file disclosure”). You will be required to provide proper identification, which may include your Social Security number. In many cases, the disclosure will be free.
You are entitled to a free file disclosure if:
- a person has taken adverse action against you because of information in your credit report;
- you are the victim of identity theft and place a fraud alert in your file;
- your file contains inaccurate information as a result of fraud;
- you are on public assistance;
- you are unemployed but expect to apply for employment within 60 days.
All consumers are entitled to one free disclosure every 12 months upon request from each nationwide credit bureau and from nationwide specialty consumer reporting agencies.
You have the right to ask for a credit score. Credit scores are numerical summaries of your credit-worthiness based on information from credit bureaus. You may request a credit score from consumer reporting agencies that create scores or distribute scores used in residential real property loans, but you will have to pay for it. In some mortgage transactions, you will receive credit score information for free from the mortgage lender.
You have the right to dispute incomplete or inaccurate information. If you identify information in your file that is incomplete or inaccurate, and report it to the consumer reporting agency, the agency must investigate unless your dispute is frivolous.
Consumer reporting agencies must correct or delete inaccurate, incomplete, or unverifiable information. Inaccurate, incomplete, or unverifiable information must be removed or corrected, usually within 30 days. A consumer reporting agency, however, may continue to report information it has verified as accurate.
Consumer reporting agencies may not report outdated negative information. In most cases, a consumer reporting agency may not report negative information that is more than seven years old, or bankruptcies that are more than 10 years old.
Access to your file is limited. A consumer reporting agency may provide information about you only to people with a valid need – usually to consider an application with a creditor, insurer, employer, landlord, or other business.
You must give your consent for reports to be provided to employers. A consumer reporting agency may not give out information about you to your employer, or a potential employer, without your written consent given to the employer. Written consent generally is not required in the trucking industry.
You may limit “prescreened” offers of credit and insurance you get based on information in your credit report. Unsolicited “prescreened” offers for credit and insurance must include a toll-free phone number you can call if you choose to remove your name and address form the lists these offers are based on. You may opt out with the nationwide credit bureaus at 1-888-5-OPTOUT (1-888-567-8688).
An FCRA Right With Respect To Nationwide Consumer Reporting Agencies – Consumers Have The Right To Obtain A Security Freeze
You have a right to place a “security freeze” on your credit report, which will prohibit a consumer reporting agency from releasing information in your credit report without your express authorization.
The security freeze is designed to prevent credit, loans, and services from being approved in your name without your consent. You, however, should be aware that using a security freeze to take control over who gets access to the personal and financial information in your credit report may delay, interfere with, or prohibit the timely approval of any subsequent request or application you make regarding a new loan, credit, mortgage, or any other account involving the extension of credit.
As an alternative to a security freeze, you have the right to place an initial or extended fraud alert on your credit file at no cost. An initial fraud alert is a one-year alert that is placed on a consumer’s credit file. Upon seeing a fraud alert display on a consumer’s credit file, a business is required to take steps to verify the consumer’s identity before extending new credit. If you are a victim of identity theft, you are entitled to an extended fraud alert, which is a fraud alert lasting 7 years.
A security freeze does not apply to a person or entity, or its affiliates, or collection agencies acting on behalf of the person or entity, with which you have an existing account that requests information in your credit report for the purposes of reviewing or collecting the account. Reviewing the account includes activities related to account maintenance, monitoring, credit line increases, and account upgrades and enhancements.
Common Errors You Should Look For On Your Credit Report
Identity Errors
- Errors made to your identity information (e.g., wrong name, phone number, address)
- Accounts belonging to another person with the same or a similar name as yours (known as a “mixed file”)
- Incorrect accounts resulting from identity theft
Incorrect Reporting Of Account Status
- Closed accounts reported as open
- You are reported as the owner of the account, when you are actually just an authorized user
- Accounts that are incorrectly reported as late or delinquent
- Incorrect date of last payment, date opened, or date of first delinquency
- Same debt listed more than once (possibly with different names)
Data Management Errors
- Reinsertion of incorrect information after it was corrected
- Accounts that appear multiple times with different creditors listed, especially in the case of delinquent accounts or accounts in collections
Balance Errors
- Accounts with an incorrect current balance
- Accounts with an incorrect credit limit
For more information about disputing credit report errors, please click Can I fix errors on my credit report?
Can I Take Legal Action If I Have Been Harmed By Violations Of The Fair Credit Reporting Act?
Yes, you may seek damages from violators. If a consumer reporting agency, or, in some cases, a user of consumer reports or a furnisher of information to a consumer reporting agency violates the FCRA, you may be able to sue in state or federal court. States also may enforce the FCRA, and many states have their own consumer reporting laws. In some cases, you may have more rights under state law.
Have You Been The Victim Of Fair Credit Reporting Act Violations?
Individuals who believe they have been harmed by violations of the Fair Credit Reporting Act are encouraged to contact Kehoe Law Firm, P.C. for a free, no-obligation evaluation of potential legal claims by completing the form above on the right or via e-mail to [email protected]
*Source: Consumer Financial Protection Bureau, Consumerfinance.gov (Accessed 01.31.2022)
