Rivian Automotive, Inc. Class Action Lawsuit - RIVN

The filed complaint alleges that Rivian Automotive, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Rivian had overstated demand for its products, as well as its ability to withstand negative, near-term macroeconomic impacts; (ii) accordingly, Rivian’s business was experiencing reduced demand and increased customer cancellations as a result of, inter alia, high interest rates; (iii) as a result, Rivian’s order bank had significantly deteriorated; (iv) all the foregoing was likely to, and did, negatively impact the Company’s anticipated earnings and vehicle production targets for 2024; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.

In order to be eligible to join the RIVN class action lawsuit, you must have incurred a loss on shares of Rivian purchased during the class period listed above.

If you suffered a loss in Rivian during the relevant time frame or pursuant to the relevant offering(s), you have until July 30, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.