ELMS News | ELMS Stock (#ELMS) Shareholders Class Action Lawsuit Electric Last Mile Solutions Inc
Posted by FraudNewsWire
March 10, 2022

Deadline πŸ‘‰ April 4, 2022 https://bit.ly/ELMSNASDAQ ELMS News |ELMS Stock (#ELMS) Shareholders Class Action Lawsuit Electric Last Mile Solutions Inc

ELMS News and ELMS Stock

The lawsuit, filed in the District of New Jersey, seeks to recover shareholders’ losses with NO out-of-pocket cost.

The class action alleges that:

1. E L M S’s previously issued financial statements were false and unreliable.

2. E L M S’s earlier reported financial statements would need restatement.

3. Certain E L M S executives and/or directors purchased equity in the Company at substantial discounts to market value without obtaining an independent valuation.

4. On November 25, 2021 (Thanksgiving), the Company’s Board formed an independent Special Committee to conduct an inquiry into certain sales of equity securities made by and to individuals associated with the Company.

5. As a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Investors who suffered losses on Electric Last Mile Solutions shares, only have until April 4, 2022 to request that the court appoint you as a lead plaintiff. Acting as a lead plaintiff is not a requirement to participate in monetary recovery, but you must meet the deadline to be considered as a lead plaintiff.

Vincent Wong Esq Law Offices is here to assist you to register click here πŸ‘‰ https://bit.ly/ELMSNASDAQ

The Law Offices of Vincent Wong is a highly experienced corporate and securities firm concentrating in mergers and acquisitions, corporate finance, and securities law. We represent individual shareholders, private equity funds and investment banks in a variety of corporate transactional and litigation matters. Prior results do not guarantee similar outcomes, and this video may be considered attorney advertising under the laws of your state.

ELMS News and ELMS Stock

Keep track of your shares through our program partner, at no cost to you. Register on CORE. Join more than 150K users and protect your portfolio πŸ‘‰ https://www.compensationrecovery.com/register
___________________________ Visit Vincent Wong Law Firm _____________________
Website πŸ‘‰πŸ» https://www.wongesq.com/

πŸ‰ Visit us on social media πŸ‰
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______________________Time Stamp ⌚ ________________________
00:00 ELMS News
00:18 Investors who purchased shares
00:36 Class Action Alleges
01:42 The Law Offices of Vincent Wong
01:45 To Register


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