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

Lilium N.V. Securities Fraud Lawsuit: Join the Class Action

In recent news, the Rosen Law Firm, a prominent global law firm specializing in investor rights, has issued a vital reminder to investors who purchased securities of Lilium N.V. (NASDAQ: LILM) and (OTC: LILMF) during a specific Class Period. This includes investments made between June 11, 2024, and November 3, 2024. The firm is emphasizing the pressing opportunity for those investors who have suffered losses exceeding $100,000 to take action ahead of the January 6, 2025 deadline for lead plaintiffs.

What Investors Need to Know

If you bought Lilium securities during the stated dates and are facing significant financial losses, you may be eligible for compensation with no upfront fees. This option is made available through a contingency fee arrangement, which ensures that you don't incur any costs unless the case is resolved in your favor.

Process to Join the Lawsuit

To participate in the class action against Lilium N.V., interested parties can follow a straightforward process. By visiting Rosen Legal or contacting Phillip Kim, Esq. at 866-767-3653, investors can express their interest in joining the case. It is crucial to note that a class action lawsuit has already been initiated, and those wishing to take on the role of lead plaintiff must file within the specified timeframe.

Role of the Lead Plaintiff

The lead plaintiff acts as a representative for other investors in steering the litigation process. This position is essential in directing how the lawsuit unfolds and ensuring the interests of all affected parties are prioritized.

Why Choose Rosen Law Firm?

Rosen Law Firm has built a strong reputation for successfully advocating for investors worldwide. Prior to this case, the firm notably achieved one of the largest securities class action settlements against a Chinese company. Over the past decade, it has consistently ranked among the top firms in terms of securities class action settlements. In fact, in 2019 alone, it garnered over $438 million for investors.

The firm’s founding partner, Laurence Rosen, has received accolades for his leadership in the field, being named a Titan of the Plaintiffs' Bar by law360. With a team recognized by prestigious publications such as Lawdragon and Super Lawyers, investors can be assured of their expertise and commitment to the case.

Details of the Lawsuit

The lawsuit against Lilium N.V. accuses the company of making false and misleading statements, as well as failing to disclose critical information regarding its financial state.

1. Overstated Fundraising Efforts: Allegations state that Lilium's leadership provided overly optimistic views regarding the company's fundraising activities, which misled investors.
2. Funding Assumptions: The defendants purportedly exaggerated the feasibility of securing enough funding to sustain operations.
3. Imminent Insolvency: The lawsuit claims that necessary disclosures regarding the company's potential insolvency were not made.
4. Misleading Business Statements: Overall, Lilium’s optimistic narrative about business prospects lacked a factual basis, a matter that caused harm when the reality was disclosed.

As such, when the truth was finally unveiled, the subsequent financial impact led to significant losses for investors.

Next Steps for Investors

Potential members of the class action should take immediate action to protect their interests. There is no class certified yet, meaning you are not automatically represented unless you choose to engage with legal counsel. Investors can opt to remain passive participants or elect legal representation to navigate the situation effectively. Further, involvement in the lawsuit does not hinge on becoming a lead plaintiff, opening options for many who suffered losses.

Stay informed by following Rosen Law Firm on their social media channels, including updates via LinkedIn and Twitter for ongoing and relevant information regarding the lawsuit.

Conclusion

For Lilium investors affected by this unfortunate turn of events, the opportunity to join this class action lawsuit offers a ray of hope. The Rosen Law Firm stands committed to fighting for the rights of investors while meticulously navigating this challenging landscape. Don't delay—take steps today to secure your potential claims.