LILM Class Action Notice: Robbins LLP Reminds Investors of the Lead Plaintiff Deadline in the Class Action Against Lilium N.V.

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 likelihood 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 who purchased Lilium securities between June 11, 2024, and November 3, 2024, may be eligible to participate in the class action [1][5]. - Shareholders wishing to serve as lead plaintiffs must submit their applications by January 6, 2025 [5]. Group 3: Legal Representation - Robbins LLP, a law firm specializing in shareholder rights litigation, is leading the class action and operates on a contingency fee basis, meaning shareholders pay no fees or expenses [6][7].