NEW YORK, April 10, 2021 / PRNewswire / –
WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of buyers of securities of Canoo Inc. f / k / a Hennessy Capital Acquisition Corp. IV (NASDAQ: GOEV ) Between Aug 18, 2020 and March 29, 2021, inclusive (the “Class Period”). A class action has already been filed. If you want to act as the principal applicant, you must move the court not later than June 1, 2021.
SO WHAT: If you purchased Canoo securities during the Class Period, you may be entitled to compensation without payment of any fees or out of pocket expenses through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Canoo class action lawsuit, go to http://www.rosenlegal.com/cases-register-2067.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] or [email protected] for information on the class action. A class action has already been filed. If you want to act as the principal applicant, you must move the court not later than June 1, 2021. A principal plaintiff is a representative party acting on behalf of the other members of the group in the direction of the litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified lawyers with a proven track record in leadership roles. Often, companies that issue opinions do not have comparable experience or resources. Rosen law firm represents investors around the world, focusing its practice on securities class actions and shareholder derivative litigation. Rosen Law Firm completed the largest securities class action settlement against a Chinese company. Rosen law firm was ranked # 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company obtained $ 438 million for investors. In 2020 founding partner Laurence Rosen was appointed by law360 as titan of the Plaintiffs Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuits, the defendants throughout the Class Period made false and / or misleading statements and / or failed to disclose that: (1) Canoo had diminished its objective of selling vehicles to consumers through ‘a subscription model; (2) the company’s engineering services were not a viable business, would not generate significant revenue in 2021, and would not reduce operational risk; (3) Canoo would de-emphasize its engineering services activities; (4) contrary to previous statements, Canoo did not have a partnership with original equipment manufacturers and no longer entered into the previously announced partnership with Hyundai; and (5) as a result of the foregoing, the positive statements by the defendants regarding the business, operations and prospects of the Company were materially misleading and / or lacking reasonable basis. When the real details entered the market, the lawsuit claims that investors have suffered damage.
To join the Canoo class action lawsuit, go to http://www.rosenlegal.com/cases-register-2067.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] or [email protected] for information on the class action.
No class has been certified. Until a group is accredited, you are not represented by a lawyer, unless you retain one. You can choose the board of your choice. You can also remain an absent student and do nothing at this point. The ability of an investor to participate in a possible future recovery does not depend on its role as lead applicant.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
Rosen Law Firm, PA
275 Madison Avenue, 40th Floor
New York, NY 10016
Phone: (212) 686-1060
Toll free: (866) 767-3653
Fax: (212) 202-3827
SOURCE Rosen Law Firm, PA