Lead Plaintiff Deadline: May 06, 2022
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Rivian common stock pursuant and/or traceable to Rivian’s initial public offering on November 10, 2021 and/or common stock between November 10, 2021, and March 10, 2022
Documents issued in connection with the initial public offering contained representations that were materially inaccurate, misleading, and/or incomplete because they failed to disclose, among other things, that the R1T electric pickup truck and R1S electric SUV were underpriced to such a degree that Rivian would have to raise prices shortly after the IPO and that these price increases would tarnish Rivian’s reputation as a trustworthy and transparent company and would put a significant number of the existing backlog of 55,400 preorders, along with future preorders, in jeopardy of cancellation.
In order to be included in the lawsuit, you must have incurred a loss on shares of Rivian Automotive, Inc., either: A) purchased or acquired during the class period listed above, if applicable; or B) pursuant to the Initial Public Offering (IPO) of Rivian Automotive, Inc., if applicable.
If you suffered a loss in Rivian Automotive, Inc. during the relevant time frame, or pursuant to Rivian Automotive, Inc.’s IPO if listed above, you have until May 06, 2022 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.