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

Overview of the Situation at Lilium N.V.

On December 18, 2024, the Rosen Law Firm, a reputable global law firm specializing in investor rights, brought attention to the opportunity for Lilium N.V. (NASDAQ: LILM) investors to join a potential securities fraud lawsuit. This comes in light of the significant losses some investors have faced, particularly those whose financial impact exceeds $100,000, which could qualify them for leading roles in the lawsuit.

The key details about the lawsuit span a specified Class Period from June 11, 2024, to November 3, 2024. During this timeframe, Lilium's actions are under scrutiny as the company allegedly made misleading statements regarding its fundraising efforts, the feasibility of obtaining sufficient operational funding, and the reality of its financial health.

Before taking action, the law firm reminds affected investors that they need to file their intentions to participate in this legal effort by January 6, 2025. This deadline is pivotal, as it relates to the appointments of lead plaintiffs, who are crucial in steering the class-action process.

The Steps to Take

If you are among those affected, joining the class action is fairly straightforward. Interested parties can visit the Rosen Law Firm's website, where a submission form is provided for potential plaintiffs. Alternatively, they can also reach out directly by phone or email to gain further insights into their situation and understand the merits of their case. Importantly, participating in this lawsuit does not entail upfront costs; it is structured under a contingency fee arrangement. This means that legal fees are only paid if the case is won, thus minimizing financial risks for the plaintiffs.

The Core Allegations

The allegations made in the lawsuit are severe and point to a significant lack of transparency from Lilium’s management. Investors have claimed that the company misrepresented several critical aspects:

1. Fundraising Progress: It is alleged that Lilium exaggerated its accomplishments in raising funds.
2. Operational Feasibility: Statements regarding the company's ability to sustain its operations have come into question, with claims indicating that the reality was far less rosy than conveyed.
3. Financial Stability: The lawsuit also highlights failures to disclose imminent financial struggles, implying that investors were misled about the long-term viability of Lilium and its subsidiaries.
4. Misleading Statements: As a result of the above points, the positive narratives shared by the company regarding its operational capabilities and prospects appear fundamentally misleading, leaving investors at a disadvantage.

As more information comes to light, it is crucial for those affected to stay informed and prepared to act.

The Rosen Law Firm’s Expertise

The Rosen Law Firm has established itself as a champion for investors, having achieved numerous significant settlements in securities cases. Their credibility is underlined by impressive accolades, including rankings as a top firm in securities class action settlements. The firm has historically recovered substantial amounts for its clients, exemplified by over $438 million secured in 2019 alone. Expert legal representation can make a difference in such scenarios, and the firm encourages investors to choose their counsel wisely, ensuring that they engage with firms that possess a proven track record in handling class action lawsuits.

Conclusion

For Lilium N.V. investors who have experienced substantial losses, the upcoming lawsuit presents a pivotal opportunity to seek justice and potential compensation. By joining the class action led by the Rosen Law Firm, investors can position themselves to reclaim losses incurred due to the alleged securities fraud perpetrated by Lilium. As the January 6, 2025 deadline approaches, time is of the essence for those wishing to become lead plaintiffs in this significant legal battle.