LILM Investor Alert: Shareholder Rights Law Firm Robbins LLP Reminds Investors of the Lilium N.V. Class Action Lawsuit

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].