#United States #New York #Class Action #Lilium N.V. #investors

Class Action Lawsuit Against Lilium N.V.

In a significant development for shareholders of Lilium N.V. (OTC PINK: LILMF), a class action lawsuit has been filed, bringing attention to serious allegations of misleading statements and financial mismanagement. The Gross Law Firm has issued a notice urging investors who acquired shares during a specified period to come forward.

Important Details for Shareholders

The lawsuit pertains to Lilium N.V. shares purchased between June 11, 2024, and November 3, 2024. Shareholders in this timeframe are encouraged to reach out if they wish to be included in this legal action, as well as potentially take on the role of lead plaintiff. However, it is essential to note that you don’t need to be appointed as a lead plaintiff to participate in any financial recovery.

Allegations Against Lilium N.V.

The complaint outlines several misleading activities by the company. Investors allege that:
1. Lilium materially exaggerated the progress of its fundraising efforts.
2. The likelihood of securing adequate funding to sustain operations was overstated.
3. The company failed to adequately disclose the impending insolvency facing it and its subsidiaries.
4. As a result of these actions, the public statements made about Lilium’s business operations and future prospects were significantly misleading and not grounded in reality.

Deadline Approaching

Shareholders should act promptly, as the deadline to join the class action is January 6, 2025. Those looking to register can do so easily through the provided online form. Participation in this case comes at no cost to the investors.

Next Steps for Affected Investors

Once registered, participants will benefit from portfolio monitoring software that will keep them updated on the case's progress. This ensures that investors stay informed about significant developments, which could impact their financial stakes in Lilium N.V.

Why Choose The Gross Law Firm?

The Gross Law Firm has a strong reputation for advocating for the rights of investors impacted by corporate misconduct. Their commitment lies in holding companies accountable for illegal practices and ensuring that investors receive due recovery for losses incurred due to manipulation or deceitful statements.

Their mission revolves around upholding responsible business practices and good corporate citizenship. If you have suffered losses related to Lilium N.V.’s actions, contacting them could be a pivotal step in seeking justice.

Contact Information

To get in touch with The Gross Law Firm for inquiries or to register, interested parties can reach them at:

• - Address: 15 West 38th Street, 12th floor, New York, NY, 10018
• - Email: [email protected]
• - Phone: (646) 453-8903

For investors of Lilium N.V., now is the time to act. Make sure to take advantage of the opportunity to rectify a potentially damaging situation and be part of this significant legal effort.