ARVL Class Action: Learn About the Arrival Lawsuit | Levi & Korsinsky, LLP

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Levi & Korsinsky, LLP announces that an ARVL class action lawsuit has been filed on behalf of investors who purchased Arrival SA. (ARVL) securities between November 18, 2020, and November 19, 2021. For more on the ARVL Lawsuit please contact us today.

 

Levi & Kowsinsky Securities Class Action Lawyers

 

According to the Arrival lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company would record a substantially greater net loss and adjusted earnings before interest, taxes, depreciation, and amortization (“EBITDA”) loss in the third quarter of 2021 compared to the third quarter of 2020; (ii) the Company would experience far greater capital and operational expense to operate and deploy its micro-factories and manufacture EV vehicles than it had disclosed; (iii) the Company would not capitalize on or achieve profitability or provide meaningful revenue in the time periods disclosed; (iv) the Company would not achieve its disclosed production and sales volumes; (v) the Company would not meet the disclosed production rollout deadlines. Accordingly, the Company materially overstated its financial and operational position and/or prospects, and (vi) as a result, the Company’s public statements were materially false and misleading at all relevant times.

 

TO LEARN MORE ABOUT THE ARVL CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in Arrival you have until February 22, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

 

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com

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