Rosen Law Firm Alert: Lilium N.V. Investors Advised to Act Before Deadline in Securities Class Action

NEW YORK, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Rosen Law Firm, known for its focus on investor rights, has issued a reminder for individuals who acquired securities of Lilium N.V. (LILM, LILMF) between June 11, 2024, and November 3, 2024. Investors should take note of the significant January 6, 2025 lead plaintiff deadline.

Why It Matters: If you purchased Lilium securities during the specified period, you might be eligible for compensation without any upfront costs due to a contingency fee arrangement.

Steps to Take: To participate in the class action, interested parties should visit this link or contact Phillip Kim, Esq., directly at 866-767-3653 or via email at [email protected]. A class action lawsuit has already been initiated. To be considered for the role of lead plaintiff, you must submit your motion to the Court by January 6, 2025. The lead plaintiff serves as a representative, guiding the litigation process on behalf of other affected class members.

Reasons to Choose Rosen Law: The firm advises investors to select legal counsel with proven success and experience in leadership roles. Many firms that send out notices lack the same level of qualifications, resources, or recognition from peers. Numerous firms function merely as middlemen, directing clients to those who actually litigate cases. Choose your counsel wisely. Rosen Law Firm serves investors globally, specializing in securities class actions and shareholder derivative litigation. Historically, the firm achieved record settlements, including the largest securities class action settlement against a Chinese company at one point. Ranked as the top firm by ISS Securities Class Action Services for the highest number of settlements in 2017, Rosen Law has consistently ranked among the top firms since 2013, recovering hundreds of millions of dollars for investors. In 2019, the firm secured over $438 million in recoveries, and in 2020, founding partner Laurence Rosen was recognized as a Titan of the Plaintiffs' Bar by Law360. Many of the firm's attorneys have also gained recognition from Lawdragon and Super Lawyers.

Case Details: The lawsuit claims that during the Class Period, the defendants provided false or misleading statements and failed to divulge crucial information, including: (1) an exaggeration of the progress of fundraising efforts; (2) an overestimation of the likelihood and/or feasibility of securing necessary funding for ongoing operations; (3) insufficient disclosure of Lilium's impending insolvency; and (4) as a result of these issues, the positive statements made about Lilium's operations and prospects were materially misleading or lacked a sound basis. The lawsuit contends that investors faced damages once the true facts became public.

To join the Lilium class action, please go to this link or reach out to Phillip Kim, Esq. at 866-767-3653 or via email at [email protected] for additional information.

Important Note: No class has been certified as of yet. Until certification occurs, you are not represented unless you choose to retain counsel. You may select your own legal representation, or you can opt to remain an absent class member and take no action at this moment. An investor's chance to participate in any future recoveries is not dependent on being a lead plaintiff.

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Attorney Advertising. Previous outcomes do not guarantee similar future results.

Contact Information:

Laurence Rosen, Esq.

Phillip Kim, Esq.

The Rosen Law Firm, P.A.

275 Madison Avenue, 40th Floor

New York, NY 10016

Tel: (212) 686-1060

Toll-Free: (866) 767-3653

Fax: (212) 202-3827

[email protected]

www.rosenlegal.com

Law, Investors, Securities