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

Overview

Levi & Korsinsky, LLP has issued a crucial reminder for investors in Lilium N.V. regarding an impending lead plaintiff deadline linked to a class action securities lawsuit. The deadline, set for January 6, 2025, is critical for shareholders who suffered losses during the period alleging securities fraud between June 11, 2024, and November 3, 2024.

Class Definition

The class action lawsuit aims to recover losses for those who invested in Lilium N.V. and were adversely impacted by alleged fraudulent actions taken by the company during the specified time frame. For more information, affected shareholders can visit the designated link provided by Levi & Korsinsky.

Details of the Case

The filed complaint against Lilium N.V. points to serious allegations of misleading behaviors by the company's management. It accuses the defendants of:
1. Overstating fundraising progress and expectations.
2. Misrepresenting the feasibility of securing sufficient funding for ongoing operations.
3. Concealing the imminent insolvency of Lilium N.V. and its subsidiaries.
4. Providing materially misleading statements about the company’s business outlook and operational status.

These actions, as alleged in the lawsuit, cast doubt on the integrity of the company's positive assertions regarding its financial health, ultimately misleading investors.

Call to Action

For those who have experienced financial losses with Lilium N.V. within the described period, it is imperative to take action by the lead plaintiff deadline of January 6, 2025. Interested investors can request to be appointed as lead plaintiff in the lawsuit. Importantly, participation in the class does not necessitate serving as a lead plaintiff.

No Cost Participation

Investors affected by these circumstances should note that there is potentially no cost associated with participating in this class action. Class members might be eligible for compensation without having to pay any out-of-pocket expenses. There is no obligation or fee to engage in this lawsuit.

About Levi & Korsinsky

Levi & Korsinsky, LLP boasts over 20 years of experience in securities litigation, having successfully recovered hundreds of millions of dollars for aggrieved shareholders. The firm has built a strong reputation and boasts a dedicated team equipped to handle complex securities cases. Moreover, it has been recognized as one of the leading firms in this space for the last seven consecutive years by ISS Securities Class Action Services.

Contact Information

For inquiries or assistance regarding the lawsuit, investors can reach out to Levi & Korsinsky’s legal team, including Joseph E. Levi, Esq. Contact can be made via phone (212) 363-7500 or through the firm's official email. The firm's office is located at 33 Whitehall Street, 17th Floor, New York, NY 10004.

Conclusion

The impending lead plaintiff deadline presents a pivotal opportunity for investors affected by Lilium N.V.'s alleged securities fraud. It is essential for shareholders to act swiftly to preserve their rights and seek recovery for their losses. With Levi & Korsinsky's proven track record, affected investors are encouraged to take part in this collective effort for justice in securities fraud cases.