Proposed Class Action Settlement Announced for Rivian Automotive Investors

On February 3, 2026, Kessler Topaz Meltzer & Check, LLP shared significant news regarding a proposed class action settlement involving Rivian Automotive, Inc. This announcement is particularly relevant for individuals and entities who purchased or acquired Rivian’s Class A common stock between November 10, 2021, and March 10, 2022. Following a court ruling, the claims against Rivian and its associated defendants could lead to a substantial resolution for those affected.

Class Action Overview

The official notice outlines a proposed settlement agreement that totals $250 million in cash, which, pending court approval, aims to settle all claims against Rivian and its various financial partners. Notably, this proposal arises from allegations that can have a considerable impact on the investments made by stockholders during the specified period. The involved defendants include high-profile firms such as Morgan Stanley, Goldman Sachs, and J.P. Morgan, among others.

Court proceedings have recognized the plaintiffs, Charles Larry Crews, Jr. and others, as representatives of the class, thus moving forward with this significant case in U.S. District Court for the Central District of California.

Settlement Hearing Details

A pivotal court hearing is scheduled for May 15, 2026, at 10:30 AM Pacific Time, where the settlement terms will be evaluated for fairness and adequacy. The hearing will take place either in person in court or remotely through telephone or video conferencing depending on the court's decision. This session is crucial as it determines whether the proposed settlement will be finalized and whether claims can receive the much-needed rescue after a turbulent period of stock trading for Rivian.

Implications for Class Members

Current and potential class members must pay close attention to the notice as significant deadlines for claims and objections have been established. To be eligible for any payout resulting from the settlement, claim forms must be submitted by April 20, 2026. The claims process is straightforward, designed to ensure fair distribution among those affected by the alleged discrepancies in Rivian’s stock performance.

Individuals impacted by this class action are encouraged to familiarize themselves with both the full notice of the proposed settlement and the claims form available at the dedicated case website, RivianSecuritiesLitigation.com.

Next Steps and Call to Action

Class members should remain alert to any changes, including updated instructions or potential amendments related to the hearing. For those wishing to voice any concerns or objections regarding the settlement terms or attorney's fees, submissions must be directed to the Claims Administrator and received by April 24, 2026.

In summary, this proposed settlement represents an essential development for Rivian investors seeking compensation following a tumultuous trading window. Staying informed and responsive is critical to ensuring that rights are protected throughout this legal process. Participants should not hesitate to reach out to Kessler Topaz Meltzer & Check or the claims administration for further clarification or assistance as necessary.