Investors of Lilium N.V. Face Potential Class Action Lawsuit

NEW YORK, Nov. 9, 2024 /PRNewswire/ —

Class Action Filed by Rosen Law Firm

Rosen Law Firm, a global firm dedicated to protecting investor rights, has announced a class action lawsuit for those who purchased securities of Lilium N.V. LILM LILMF. This lawsuit targets purchases made between June 11, 2024 and November 3, 2024, collectively known as the “Class Period.” If you wish to be a lead plaintiff, applications must be submitted to the Court by January 6, 2025.

Potential Compensation for Investors

Those who bought Lilium securities during the Class Period could qualify for compensation, with no upfront fees. This arrangement allows investors to seek recourse without the burden of out-of-pocket expenses.

Steps to Take if You Were Affected

To join the Lilium class action, visit Rosen Legal or contact Phillip Kim, Esq. at 866-767-3653 or via email at case@rosenlegal.com for additional details. Important: If you aim to be the lead plaintiff, action is needed by January 6, 2025.

Why Choose Rosen Law Firm?

Rosen Law Firm emphasizes the importance of choosing experienced attorneys with proven success. Many firms issuing notices lack the resources or recognition that Rosen Law brings. The firm has a strong track record in securities class actions, notably achieving the largest securities class action settlement against a Chinese company at the time. Since 2013, Rosen Law has consistently ranked among the top four firms for class action settlements, recovering hundreds of millions for investors, including over $438 million in 2019 alone.

Details About the Lawsuit

The allegations in the lawsuit claim that during the Class Period, defendants misrepresented Lilium’s progress in fundraising, exaggerated the potential for securing sufficient funding, and failed to adequately disclose the company’s imminent insolvency. These misleading statements caused investor losses when the truth became known.

Additional Information

To join the Lilium class action, visit Rosen Legal, or reach out to Phillip Kim, Esq. at 866-767-3653 or case@rosenlegal.com.

Note: A class has not been certified yet. You are not represented by counsel unless you choose to hire one. You may also remain an absent class member without doing anything at this time. Sharing in any future recovery does not depend on being a lead plaintiff.

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Contact Information:

      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 40th Floor
      New York, NY 10016
      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
      Fax: (212) 202-3827
      case@rosenlegal.com
      www.rosenlegal.com

View original content: PR Newswire

SOURCE THE ROSEN LAW FIRM, P. A.