#USA #New York #Class Action #Levi & Korsinsky #Lilium N.V.

Shareholder Alert: Lilium N.V. Class Action Lawsuit

Levi & Korsinsky, LLP has issued an important reminder to investors of Lilium N.V. regarding a class action lawsuit that seeks to protect shareholder interests. This legal action is primarily in response to alleged securities fraud that occurred between June 11, 2024, and November 3, 2024. In light of these recent developments, the firm is urging investors to take note of the impending lead plaintiff deadline set for January 6, 2025.

Background of the Lawsuit

The class action lawsuit aims to recover losses incurred by investors harmed due to misrepresentations made by Lilium N.V.'s executives. During the specified period, complaints surfaced alleging that the company's management overstated its fundraising achievements. Consequently, investors speculate that Lilium N.V. may have created an overly optimistic view of their operational capabilities and financial health.

The key points outlined in the complaint indicate that:
1. Company officials allegedly exaggerated their fundraising success.
2. They misrepresented the chances of securing adequate funding for continued operations.
3. There were failures in transparently disclosing the potential insolvency facing the company and its subsidiaries.
4. Collectively, these misleading statements present a significant deviation from the actual business conditions of Lilium N.V.

What Shareholders Should Know

For those who sustained losses during the relevant time frame, it’s essential to be aware that there is still time to get involved. The deadline for filing a request to be appointed lead plaintiff in this class action case is January 6, 2025. However, participating in any potential financial recovery does not necessitate taking on the role of lead plaintiff.

No Fees to Participate

Importantly, shareholders can engage with this class action without incurring any personal costs. Levi & Korsinsky assures that no out-of-pocket expenses will be required for class members. This transparency is a crucial aspect, as it allows shareholders to pursue justice without worrying about financial burdens.

Why Choose Levi & Korsinsky?

Levi & Korsinsky has an impressive track record in securities litigation, having secured hundreds of millions of dollars for disgruntled shareholders over the last two decades. The firm boasts an experienced team specializing in complex legal cases related to securities fraud, with over 70 professionals dedicated to client satisfaction. This makes them a formidable ally in pursuing the rights of aggrieved investors.

How to Get Involved

Investors impacted by the developments at Lilium N.V. are encouraged to reach out if they wish to participate in this class action. The firm provides a dedicated team ready to assist potential plaintiffs. Interested parties can contact Joseph E. Levi, Esq., at 212-363-7500 or via email at [email protected] Detailed information can also be acquired through their website by filling out the class action submission form.

Closing Thoughts

For shareholders of Lilium N.V., this lawsuit presents an opportunity to seek restitution for any losses suffered due to the alleged misrepresentation of facts by the company. It is crucial to stay alert to deadlines and understand the rights that come as part of being a part of this class action. Through the diligent efforts of firms like Levi & Korsinsky, accountability can be pursued, and shareholder interests can be vigorously defended.