Lawsuit Overview - A class action lawsuit has been filed on behalf of purchasers of Lilium N V securities between June 11 2024 and November 3 2024 [1] - Investors who purchased Lilium securities during the Class Period may be entitled to compensation without payment of any out of pocket fees or costs [2] - To join the Lilium class action, investors can visit the provided website or contact Phillip Kim, Esq [3][6] Case Details - Defendants allegedly made false and/or misleading statements and/or failed to disclose that they overstated the progress of Lilium's fundraising activities and the likelihood of obtaining sufficient funding to continue operations [5] - Defendants also allegedly failed to sufficiently disclose the imminent insolvency of Lilium and its subsidiaries [5] - As a result, defendants' positive statements about Lilium's business, operations, and prospects were materially misleading and/or lacked a reasonable basis, leading to investor damages [5] Rosen Law Firm Background - The Rosen Law Firm represents investors globally, specializing in securities class actions and shareholder derivative litigation [4] - The firm has achieved significant settlements, including the largest ever securities class action settlement against a Chinese Company at the time [4] - In 2019 alone, the firm secured over $438 million for investors [4] - The firm has been ranked in the top 4 each year since 2013 by ISS Securities Class Action Services for the number of securities class action settlements [4]

Core Viewpoint - Lilium N.V. is facing legal scrutiny due to allegations of misleading statements regarding its financial health and fundraising efforts, leading to significant stock price declines and potential insolvency [3][4][6]. Group 1: Legal Investigation and Claims - Faruqi & Faruqi, LLP is investigating potential claims against Lilium for investors who suffered losses exceeding $50,000 between June 11, 2024, and November 3, 2024 [1]. - A federal securities class action has been filed against Lilium, with a deadline of January 6, 2025, for investors to seek the role of lead plaintiff [1][7]. Group 2: Allegations Against Lilium - The complaint alleges that Lilium and its executives violated federal securities laws by making false or misleading statements about the company's fundraising progress and financial viability [3]. - Specific allegations include overstating the likelihood of obtaining sufficient funding, failing to disclose imminent insolvency, and providing materially misleading positive statements about the company's operations and prospects [3]. Group 3: Financial Impact and Stock Performance - On October 24, 2024, Lilium disclosed its inability to raise sufficient funds, leading to a stock price drop of $0.33, or 61.6%, closing at $0.21 per share [5]. - The stock continued to decline, falling to $0.15 per share on October 25, 2024, and further to $0.083 per share on November 4, 2024, after announcing that funding was not feasible and insolvency was imminent [5][6]. - By November 5, 2024, the stock price fell to $0.052 per share, marking a total decline of 36.97% from the previous day [6].

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Lilium To Contact Him Directly To Discuss Their OptionsIf you suffered losses exceeding $50,000 in Lilium between June 11, 2024 and November 3, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW YORK, Nov. 14, 2024 /PRNewswire/ -- ...

Core Viewpoint - Lilium N.V. is facing significant financial difficulties, leading to a class action lawsuit due to alleged misleading statements regarding its fundraising efforts and operational viability [3][6]. Financial Situation - On October 24, 2024, Lilium disclosed its inability to raise sufficient funds to continue operations, resulting in its subsidiaries being deemed overindebted and unable to pay existing liabilities [3]. - Following this announcement, Lilium's stock price plummeted by 61.6% to $0.21 per share on October 24, 2024, and further declined to $0.15 per share on October 25, 2024, marking a total drop of 28.8% [4]. - On November 4, 2024, Lilium announced that it could not secure additional funding and would be obliged to file for insolvency, causing its stock to fall to $0.083 per share, a 15.5% decrease, and further to $0.052 per share on November 5, 2024, a 36.97% drop [5]. Class Action Details - A class action lawsuit has been filed on behalf of investors who acquired Lilium securities between June 11, 2024, and November 3, 2024, with a deadline of January 6, 2025, to file a lead plaintiff motion [1][8]. - The complaint alleges that Lilium's management made materially false statements and failed to disclose critical information regarding the company's financial health and fundraising efforts [6].

Core Viewpoint - A class action securities lawsuit has been filed against Lilium N.V. alleging securities fraud that affected investors between June 11, 2024, and November 3, 2024 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Lilium N.V. defendants overstated the progress of the Company's fundraising activities [2] - It is alleged that the defendants exaggerated the likelihood and feasibility of obtaining sufficient funding to continue operations [2] - The complaint also states that the defendants failed to adequately disclose the imminent insolvency of the Company and its subsidiaries [2] - As a result of these actions, the defendants' positive statements regarding the Company's business, operations, and prospects were materially misleading [2] Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until January 6, 2025, to request to be appointed as lead plaintiff [3] - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4]

NEW YORK, Nov. 12, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Lilium N.V. (OTC Other: LILM). Shareholders who purchased shares of LILM during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/lilium-n-v-loss-submission-form/?id=111439&from=3 CLASS PERIOD: June 11, 2024 to No ...

Core Viewpoint - A class action lawsuit has been filed against Lilium N.V. for alleged violations of securities laws, specifically for making false and misleading statements regarding its fundraising progress and financial stability [1][4]. Group 1: Lawsuit Details - The lawsuit is based on violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 [1]. - Investors who purchased Lilium's securities between June 11, 2024, and November 3, 2024, are encouraged to participate in the class action [2]. - The class has not yet been certified, meaning potential participants are not currently represented by an attorney [3]. Group 2: Allegations Against Lilium - The complaint alleges that Lilium overstated its fundraising progress and the likelihood of obtaining necessary funding to continue operations [4]. - It is claimed that the company failed to disclose significant changes regarding its insolvency status, leading to materially misleading public statements throughout the class period [4]. - As a result of these misleading statements, investors suffered damages when the true financial situation of Lilium was revealed [4].

Core Viewpoint - A class action has been filed against Lilium N.V. for failing to disclose its impending insolvency and overstating its fundraising progress and feasibility [1][2]. Group 1: Allegations and Financial Impact - The complaint alleges that Lilium overstated its fundraising activities and the feasibility of obtaining sufficient funding to continue operations [2]. - On October 24, 2024, Lilium disclosed its inability to raise additional funds, leading to a stock price drop of $0.33, or 61.6%, closing at $0.21 per share [3]. - Following further disclosures on November 4, 2024, regarding the company's insolvency, Lilium's stock fell 15.5% to $0.083 per share, and continued to decline by 36.97% to close at $0.052 per share on November 5, 2024 [4]. Group 2: Class Action Participation - Investors may be eligible to participate in the class action against Lilium N.V., with a deadline for lead plaintiff applications set for January 6, 2025 [5]. - Shareholders do not need to participate in the case to be eligible for recovery, and can remain absent class members if they choose [5]. Group 3: Company Background - Robbins LLP is a recognized leader in shareholder rights litigation, having recovered over $1 billion for shareholders since its inception in 2002 [7].

NEW YORK, Nov. 10, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Lilium N.V. (NASDAQ: LILM) (OTC: LILMF) between June 11, 2024 and November 3, 2024, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 6, 2025. SO WHAT: If you purchased Lilium securities during the ...

Core Viewpoint - Rosen Law Firm has announced the filing of a class action lawsuit on behalf of purchasers of Lilium N.V. securities between June 11, 2024, and November 3, 2024, due to alleged misleading statements regarding the company's financial status and fundraising efforts [1][5]. Group 1: Lawsuit Details - The class action lawsuit claims that during the Class Period, Lilium's defendants made false statements about the company's fundraising progress and the feasibility of obtaining necessary funding [5]. - The lawsuit alleges that the defendants failed to disclose the imminent insolvency of Lilium and its subsidiaries, leading to materially misleading statements about the company's business and prospects [5]. - Investors are encouraged to join the class action without any out-of-pocket fees through a contingency fee arrangement [2][3]. Group 2: Legal Representation - Investors are advised to select qualified legal counsel with a proven track record in securities class actions, as the Rosen Law Firm has achieved significant settlements in the past [4]. - The Rosen Law Firm has been recognized for its success in securities class action settlements, including recovering over $438 million for investors in 2019 alone [4]. - A lead plaintiff must move the Court by January 6, 2025, to represent other class members in the litigation [1][3].