FUV BREAKING NEWS: ROSEN, NATIONAL TRIAL LAWYERS, Encourages Arcimoto Inc. Investors with Losses Exceeding $100K to Secure Counsel Before Important Deadline in Securities Class Action Filed by Firm
NEW YORK, April 25, 2021 / PRNewswire / –
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WHY: Rosen Law Firm, a global investor rights law firm, is reminding buyers of the securities of Arcimoto Inc. (NASDAQ: FUV) between February 14, 2018 and March 22, 2021 (the “ Class Period ”) of the significant period of June 18, 2021 Lead Applicant Deadline.
SO WHAT: If you purchased Arcimoto securities during the Class Period, you may be entitled to set-off without payment of cash fees or expenses through a contingency arrangement.
WHAT TO DO: To participate in the Arcimoto class action, go to http://www.rosenlegal.com/cases-register-2064.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected]gal.com or [email protected] for information about the class action. A class action lawsuit has already been filed. To act as the lead applicant, you must move the court by June 18, 2021. A lead applicant is a representative who acts on behalf of other group members in directing the lawsuit.
WHY ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in leadership roles. Companies that issue announcements often lack comparable experience or resources. The Rosen Law Firm represents investors around the world and focuses its practice on class actions and shareholder derivatives disputes. Rosen Law Firm has reached the largest ever settlement of a class action against a Chinese company. Rosen Law Firm was ranked # 1 in ISS Securities Class Action Services for the number of securities classifications settlements in 2017. The company has been in the top 4 every year since 2013 and has recovered hundreds of millions of dollars from investors. In 2019 alone, the company insured more than $ 438 million for investors. In 2020 founder Laurence Rosen was named Titan of Plaintiffs’ Bar by law360. Many of the firm’s attorneys are licensed by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants made false and / or misleading statements during the Class period and / or failed to disclose that: (1) the pre-orders of Arcimoto’s Fun Utility Vehicles (“ FUVs ”) were manufactured or never completed , with only 19 units delivered from an alleged pre-order of 422; (2) Arcimoto failed to notify customers that nearly 100% of its delivered vehicles were subject to recall; (3) Arcimoto’s largest client, R-Key-Moto, was an unnamed related party owned by insider FOD Capital, LLC; (4) Arcimoto’s partnership with HULA was an undisclosed related party transaction; and (5) as a result, defendants’ public statements were materially inaccurate and / or misleading at all relevant times.
To participate in the Arcimoto group promotion, visit http://www.rosenlegal.com/cases-register-2064.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information about the class action.
There is no class certified. Until a class is certified, you will not be represented by counsel unless you keep one. You can choose counsel of your choice. You can also remain an absent class member and do nothing at this point. An investor’s ability to share in a possible future recovery is not dependent on acting as lead applicant.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, PA
275 Madison Avenue, 40th floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
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SOURCE Rosen Law Firm, PA