SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Rivian Automotive, Inc. – RIVN
NEW YORK, Nov. 4, 2022 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Rivian Automotive, Inc. (“”Rivian” or the “Company”) (NASDAQ: RIVN). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 7980.
The investigation concerns whether Rivian and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On October 7, 2022, Rivian issued a recall of approximately 13,000 vehicles after identifying a problem with the affected vehicles’ steering system. Rivian stated that a fastener connecting the upper control arm and steering knuckle may have been installed incorrectly, which created a risk of that the vehicles could become more difficult to control, raising the risk of a crash.
On this news, Rivian’s stock price fell $2.47 per share, or 7.28%, to close at $31.48 per share on October 10, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz
Robert S. Willoughby
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP
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