LILM, LILMF Investors Have Opportunity to Lead Lilium N.V. Securities Fraud Lawsuit

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].