#United States #New York #Gross Law Firm #Lilium N.V. #class action lawsuit

Important Notice for Shareholders of Lilium N.V.

The Gross Law Firm has recently issued a notification to shareholders of Lilium N.V. (OTC PINK: LILMF) regarding a significant class action lawsuit. This lawsuit emerges from allegations that during a defined class period, the defendants made materially misleading statements concerning the company’s financial and operational prospects.

Class Period Details

The class period in question stretches from June 11, 2024, to November 3, 2024. Shareholders who acquired shares of Lilium N.V. during this timeframe are particularly urged to consider their options carefully. The accusations imply that the defendants overstated the progress of fundraising efforts essential for the company's operations. Moreover, they allegedly failed to adequately disclose the impending insolvency risks posed to Lilium N.V. and its subsidiaries.

Allegations Against Defendants

The central allegations indicate that the defendants made several crucial misrepresentations:

• - Overstatement of fundraising progress.
• - Overdramatizing the likelihood of securing necessary funding.
• - Failing to alert shareholders about the severe risk of insolvency.

These misleading communications from the company's leadership contributed to an inflated perception of its performance, misleading investors regarding the actual viability of the company.

Key Deadlines

Shareholders are reminded of the impending deadlines critical to participating in the lawsuit:

• - Registration Deadline: January 6, 2025. All shareholders are encouraged to register by this date to ensure their claims are processed.

To register, shareholders can utilize the following link: Register Here

Next Steps for Affected Shareholders

Upon registration, shareholders will gain access to portfolio monitoring tools that will keep them informed on the developments of the case as it progresses. It’s important to recognize that registering does not obligate one to be a lead plaintiff, yet it does safeguard the right to seek recovery for any financial losses incurred.

The Role of The Gross Law Firm

Why should shareholders turn to The Gross Law Firm? This firm is well-regarded nationwide for its commitment to protecting investors’ rights. The firm prioritizes holding companies accountable for potentially fraudulent activities that could adversely affect shareholders. Their mission reflects a strong dedication to promoting ethical business conduct in corporate practices.

In summary, if you have purchased shares of Lilium N.V. during the specified period, it’s crucial to act swiftly. Register to protect your investment and participate in this potential recovery process. The Gross Law Firm stands ready to assist in advocating for your interests throughout this legal journey. Remember, prior results do not guarantee similar outcomes but participating in such cases is an essential step for shareholders seeking justice.

Contact Information
Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: [email protected]
Phone: (646) 453-8903

Stay informed; your investment matters!