#United States #New York #Lilium N.V. #LILM #Rosen Law Firm

Lilium N.V. Investors: Your Opportunity to Seek Justice

The investment landscape can often be fraught with uncertainties, as well as potential pitfalls. One prominent example is Lilium N.V. (NASDAQ: LILM, OTC: LILMF), a company that has recently come under scrutiny amid allegations of securities fraud. For investors who purchased Lilium securities between June 11, 2024, and November 3, 2024, there is now a crucial opportunity to engage in a class action lawsuit against the company.

Understanding the Allegations

According to the claims brought forth by the Rosen Law Firm, which specializes in investor rights, the defendants are accused of making misleading statements about Lilium’s operational progress. These allegations include:
1. Overstating Fundraising Efforts: It is alleged that the defendants exaggerated the success and advancements of the company's funding activities.
2. Misrepresenting Financial Viability: The lawsuit claims that the likelihood of securing sufficient funding was overstated, potentially putting the company's sustainability at risk.
3. Hiding Financial Troubles: The defendants failed to disclose the severe financial difficulties Lilium faced, including the imminent insolvency of its subsidiaries.
4. Materially Misleading Statements: Positive assertions regarding Lilium's business and future prospects were allegedly not grounded in reality, leading to significant investor losses.

These allegations paint a troubling picture of Lilium's operations during the relevant time period and highlight the importance of transparency in corporate disclosures.

Important Deadlines and Actions

The Rosen Law Firm has set a deadline of January 6, 2025, for investors to file their claims and potentially take the role of lead plaintiff in the lawsuit. This position involves representing other affected investors in court, guiding the direction of the legal proceedings. To participate in this opportunity, investors should visit the Rosen Law Firm’s website at rosenlegal.com, or contact attorney Phillip Kim at 866-767-3653. An email can also be sent to [email protected] for further details.

No Costs Incurred

For those concerned about legal fees, it should be noted that there will be no out-of-pocket costs. The legal team works on a contingency basis, meaning fees are only paid if the case settles successfully. This arrangement is designed to encourage participation without the financial burden often associated with legal proceedings.

Selecting Legal Representation Wisely

Investors are encouraged to be judicious in selecting legal counsel. The Rosen Law Firm is recognized for its extensive experience in securities class actions, securing numerous settlements for investors over the years. They achieved significant recognition, including the largest settlement against a Chinese company at that time, and have been ranked highly among firms specializing in securities litigation.

Stay Informed and Empowered

It's crucial for investors to remain informed and engaged in the proceedings. Anyone with Lilium securities during the specified class period has the right to participate in this action, whether or not they choose to become a lead plaintiff. By taking proactive steps, investors can safeguard their interests and potentially recover some of their losses.

Follow Updates

Stay connected with the Rosen Law Firm's updates through their social media channels on LinkedIn, Twitter, and Facebook, as they continue to provide information and updates regarding this lawsuit and others.

Final Thoughts

This current lawsuit against Lilium N.V. serves as a reminder of the critical nature of investor rights and the power of collective action. By uniting and seeking justice, investors can hold entities accountable for their actions. If you're affected, consider taking action before the January 6 deadline – your voice matters.