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RIVN Investors Have Opportunity to Lead Rivian Automotive, Inc. Securities Fraud Lawsuit this 2022

Shareholders with $25,000 losses or more are encouraged to contact the firm.

Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Rivian Automotive, Inc. (“Rivian” or the “Company”) (NASDAQ: RIVN).

Class Period: November 10, 2021 – March 10, 2022
Lead Plaintiff Deadline: May 6, 2022

Investors suffering losses on their Rivian investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email at howardsmith@howardsmithlaw.com.

The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors: (1) that Rivian had underpriced the R1T and R1S to such a degree that Rivian would be forced to raise prices shortly after the IPO; (2) the potential for significant reputational damage and cancellation of fully refundable preorders for the R1T and R1S that would result from Company’s need to address its underpriced EVs by raising prices shortly after the IPO; and (3) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

To be a class action member, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit.
This article was shared with Prittle Prattle News as a Press Release.
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