The Gross Law Firm Notifies Shareholders of Lilium N.V.(LILM) of a Class Action Lawsuit and an Upcoming Deadline

Core Viewpoint - The Gross Law Firm is notifying shareholders of Lilium N.V. regarding a class action lawsuit due to alleged misleading statements and failure to disclose critical financial information during a specified period [1][3]. Group 1: Allegations - The complaint alleges that during the class period from June 11, 2024, to November 3, 2024, Lilium N.V. made materially false and/or misleading statements [3]. - Specific allegations include overstating the progress of fundraising activities, the likelihood of obtaining sufficient funding, and failing to disclose imminent insolvency [3]. - As a result of these actions, the positive statements made by the defendants about the company's business and prospects were deemed materially misleading [3]. Group 2: Class Action Details - Shareholders who purchased shares of Lilium N.V. during the class period are encouraged to register for the class action, with a deadline set for January 6, 2025 [4]. - Registration allows shareholders to receive updates on the case through portfolio monitoring software [4]. - Participation in the case does not incur any cost or obligation for the shareholders [4]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].