Rivian Stockholders Encouraged to Contact Kehoe Law Firm, P.C. Purchasers of Rivian Securities Pursuant to the Company’s IPO in November 2021 May Have Legal Claims.
Kehoe Law Firm, P.C. is investigating whether Rivian Automotive, Inc. (“Rivian” or the “Company”) (NASDAQ: RIVN) violated federal securities laws.
IF YOU PURCHASED RIVIAN STOCK PURSUANT OR TRACEABLE TO THE COMPANY’S INITIAL PUBLIC OFFERING (“IPO”) ON NOVEMBER 10, 2021 AND SUFFERED LOSSES, PLEASE CLICK HERE TO ACCESS KEHOE LAW FIRM’S SECURITIES CLASS ACTION QUESTIONNAIRE TO PROVIDE DETAILS ABOUT YOUR RIVIAN SECURITIES.
On March 7, 2022, a securities class action lawsuit was filed against Rivian and other defendants in United States District Court, Central District of California. According to the class action complaint, the Registration Statement and Prospectus used to effectuate Rivian’s IPO contained untrue statements of material fact, and omitted information necessary to make the statements made therein not misleading, as well as omitted material facts required to be stated therein.
According to the complaint, the Registration Statement misled investors with respect to the potential for significant reputational damage and cancellation of fully refundable preorders for its R1T and R1S Electric Vehicles due to the Company’s need to address its underpriced Electric Vehicles by raising prices shortly after the IPO.
Rivian investors who purchased, or otherwise acquired, their Rivian securities pursuant or traceable to the Company’s November 2021 IPO are encouraged to contact Kehoe Law Firm, P.C., Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], [email protected], for a free, confidential consultation and no-obligation evaluation of potential legal claims.