Lilium N.V.(US:LILM) GlobeNewswire News Room·2024-11-17 15:11Lawsuit 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]