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LAWSUITS FILED AGAINST RIDE, RMO and CS - Jakubowitz Law Pursues Shareholders Claims

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NEW YORK, NY / ACCESSWIRE / May 7, 2021 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.

Lordstown Motors Corp (NASDAQ:RIDE)

CONTACT JAKUBOWITZ ABOUT RIDE:
https://claimyourloss.com/securities/lordstown-motors-corp-loss-submission-form/?id=15591&from=1

Class Period : August 3, 2020 - March 24, 2021

Lead Plaintiff Deadline : May 17, 2021

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) the Company's purported pre-orders were non-binding; (ii) many of the would-be customers who made these purported pre-orders lacked the means to make such purchases and/or would not have credible demand for Lordstown's Endurance; (iii) Lordstown is not and has not been "on track" to commence production of the Endurance in September 2021; (iv) the first test run of the Endurance led to the vehicle bursting into flames within 10 minutes; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.

Romeo Power, Inc. (NYSE:RMO)

CONTACT JAKUBOWITZ ABOUT RMO:
https://claimyourloss.com/securities/romeo-power-inc-loss-submission-form/?id=15591&from=1

Class Period : October 5, 2020 - March 30, 2021

Lead Plaintiff Deadline : June 15, 2021

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Romeo had only two battery cell suppliers, not four, (ii) the future potential risks that Defendants warned of concerning supply disruption or shortage had already occurred and were already negatively affecting Romeo's business, operations and business prospects, (iii) Romeo did not have the battery cell inventory to accommodate end-user demand and ramp up production in 2021, (iv) Romeo's supply constraint was a material hindrance to Romeo's revenue growth, and (v) Romeo's supply chain for battery cells was not hedged, but in fact, was totally at risk and beholden to just two battery cell suppliers and the spot market for their 2021 inventory. Given the supply constraint that Romeo was experiencing during the Class Period, Defendants had no reasonable basis to represent that the Company had the ability to meet customer demand and that it would support growth in revenue in 2021.

Credit Suisse Group AG (NYSE:CS)

CONTACT JAKUBOWITZ ABOUT CS:
https://claimyourloss.com/securities/credit-suisse-group-ag-loss-submission-form/?id=15591&from=1

Class Period : October 29, 2020 - March 31, 2021

Lead Plaintiff Deadline : June 15, 2021

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: defendants concealed material defects in the Company's risk policies and procedures and compliance oversight functions and efforts to allow high-risk clients to take on excessive leverage, including Greensill Capital ("Greensill") and Archegos Capital Management ("Archegos"), exposing the Company to billions of dollars in losses.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887

SOURCE: Jakubowitz Law



View source version on accesswire.com:
https://www.accesswire.com/645622/LAWSUITS-FILED-AGAINST-RIDE-RMO-and-CS--Jakubowitz-Law-Pursues-Shareholders-Claims