SHAREHOLDER ALERT: Levi & Korsinsky, LLP informs the shareholders of Arrivée SA. of a class action and a principal plaintiff Deadline of February 22, 2022 – ARVL
NEW YORK, Dec. 27 2021 / PRNewswire / – The following statement is issued by Levi & Korsinsky, LLP:
AT: All persons or entities who have purchased or otherwise acquired securities of Arrival SA. (“Arrival” or the “Company”) (NASDAQ: ARVL) and / or sold Put options on arrival between November 18, 2020 and November 19, 2021. You are hereby notified that a class action lawsuit in securities was brought in United States District Court of the Southern District of New York. For more information, visit:
or contact Joseph E. Levi, Esq. either by e-mail at [email protected] or by phone at (212) 363-7500. There is no cost or obligation for you.
Arrival SA. NEWS – ARVL NEWS
CASE DETAILS: According to the complaint filed: (i) the Company would record significantly higher net loss and adjusted earnings before interest, taxes, depreciation and amortization (“EBITDA”) in the third quarter of 2021 compared to the third quarter of 2020; (ii) the Company would incur significantly higher capital and operating expenses to operate and deploy its micro-factories and manufacture electric vehicles than it disclosed; (iii) the Company would not capitalize on or achieve profitability or provide significant income within the time periods disclosed; (iv) the Company would not meet its disclosed production and sales volumes; (v) the Company would not meet the disclosed production deployment deadlines. As a result, the Company materially overstated its financial and operating condition and / or outlook, and (vi) as a result, the Company’s public statements were materially false and misleading at all material times.
WHAT THIS MEANS FOR SHAREHOLDERS: If you have suffered a loss on arrival, you have until February 22, 2022 request that the Court appoint you as the principal applicant. Your ability to participate in any recovery does not require you to serve as the lead applicant.
NO COT FOR YOU: If you bought Arrival tickets between November 18, 2020 and November 19, 2021 you may be entitled to compensation without payment of any costs or reimbursable expenses.
PROTECT YOUR FINANCIAL INTERESTS: Fill out this brief submission form:
https://www.zlk.com/pslra-1/arrival-sa-loss-submission-form or call 212-363-7500 to discuss the case with Joseph E. Levi, Esq.
WHY LEVI & KORSINSKY: Levi & Korsinsky have a proven track record of winning cases worth hundreds of millions of dollars to shareholders over a 20-year period. We represent and fight for shareholders who have been wronged by companies.
Levi & Korsinsky is a nationally recognized law firm with offices in New York, California, Connecticut, and Washington DC The Founding Partners of the Firm, Joseph Levi and Edouard Korsinski, have represented shareholders and institutional clients for nearly 20 years and have achieved remarkable results for clients in the United States and internationally. The firm, which has more than 70 employees, is committed to fostering, cultivating and preserving a culture of diversity, equity and inclusion for employees and those we represent. Our attorneys have extensive expertise in representing investors in securities litigation with experience in recovering hundreds of millions of dollars in cases. Levi & Korsinsky has been ranked in the Institutional Shareholder Services (“ISS”) SCAS Top 50 report for 7 consecutive years as the best securities litigation firm in United States. The SCAS Top 50 report identifies the leading plaintiff securities law firms in the country and, year after year, ISS has recognized Levi & Korsinsky as a leading firm in the field of securities class actions.
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SOURCE Levi & Korsinsky, LLP