An investigation for investors in Rivian Automotive, Inc. (NASDAQ:RIVN) shares over potential securities laws violations by Rivian Automotive, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 01/31/2022 -- Rivian Automotive, Inc. is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Rivian Automotive, Inc. (NASDAQ: RIVN), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Rivian Automotive, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Irvine, CA based Rivian Automotive, Inc. develops and manufactures electric adventure vehicles. Rivian Automotive, Inc went public in November 2021. Rivian Automotive, Inc raised nearly $12 billion in its initial public offering by selling NASDAQ: RIVN shares at $78 per share.
On January 11, 2022, Rivian announced its COO, Rod Copes had stepped down.
Shares of Rivian Automotive, Inc. (NASDAQ: RIVN) declined from $123.40 per share on December 8, 2021, to as low as $50.00 per share on January 28, 2022.
Those who purchased shares of Rivian Automotive, Inc. (NASDAQ: RIVN) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.