Investors Alert: Class Action Filed Against Evolv Technologies Holdings, Inc.
LOS ANGELES, Nov. 29, 2024 /PRNewswire/ — The Schall Law Firm, a national firm focusing on shareholder rights litigation, is reminding investors about a class action lawsuit against Evolv Technologies Holdings, Inc. (“Evolv” or “the Company”) EVLV. The lawsuit alleges violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 as set forth by the U.S. Securities and Exchange Commission.
Details for Affected Investors
Investors who bought the Company’s securities from August 19, 2022, to October 30, 2024, are encouraged to reach out to the firm before December 31, 2024.
If you are a shareholder who faced a loss, please participate by clicking here.
Contact Information
You can also contact Brian Schall of the Schall Law Firm at 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, by calling 310-301-3335. To learn more, visit the firm’s website at www.schallfirm.com, or email at [email protected].
Current Status of the Class Action
At this point, the class has not been certified. Without certification, you will not have legal representation. If you do not take any action, you will remain an absent class member.
Allegations Against the Company
According to the complaint, Evolv misled investors by making false statements. On October 25, 2024, the Company disclosed that its financial statements from the second quarter of 2022 to the second quarter of 2024 were unreliable due to significant misstatements related to revenue recognition. It was noted that certain sales, particularly to a major channel partner, involved undisclosed additional terms not communicated to the accounting department. Furthermore, some personnel were said to have committed misconduct regarding these transactions. Following this revelation, the integrity of Evolv’s public statements was thrown into question, leading to financial losses for investors.
Join the case to recover your losses.
About The Schall Law Firm
The Schall Law Firm advocates for investors worldwide, specializing in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under applicable law and ethical rules.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
View original content to download multimedia:https://www.prnewswire.com/news-releases/evlv-investors-have-opportunity-to-lead-evolv-technologies-holdings-inc-securities-fraud-lawsuit-with-the-schall-law-firm-302318557.html
SOURCE The Schall Law Firm
Market News and Data brought to you by Benzinga APIs
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
