LILM LAWSUIT ALERT: The Gross Law Firm Notifies Lilium N.V. Investors of a Class Action Lawsuit and Upcoming Deadline

Core Viewpoint - The Gross Law Firm has issued a notice to 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. overstated the progress of its fundraising activities [3]. - It is claimed that the company exaggerated the likelihood and feasibility of obtaining sufficient funding to continue operations [3]. - The complaint also states that Lilium N.V. failed to adequately disclose the imminent insolvency of the company and its subsidiaries [3]. - As a result of these actions, the positive statements made by the defendants regarding the company's business, operations, and prospects were materially misleading and lacked a reasonable basis [3]. Group 2: Next Steps for Shareholders - Shareholders who purchased shares of Lilium N.V. during the specified class period are encouraged to register for the class action lawsuit by January 6, 2025 [4]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive status updates throughout the lifecycle of the case [4]. - There is no cost or obligation for shareholders to participate in this case [4]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered due to deceit, fraud, and illegal business practices [5]. - The firm aims to ensure that companies adhere to responsible business practices and engage in good corporate citizenship [5]. - The Gross Law Firm seeks recovery for investors who incurred losses due to false or misleading statements that led to artificial inflation of the company's stock [5].