Evolv Technologies (US:EVLV) prnewswire.comยท2024-05-21 09:45Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Evolv Technologies Holdings, Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements about the efficacy of its products [1][2]. Allegations - The complaint claims that Evolv overstated the effectiveness of its products, particularly in detecting weapons such as knives and guns, which increased the risk of undetected weapons entering sensitive locations like schools [1]. - It is alleged that Evolv misled the public, customers, and investors about the effectiveness of its products, resulting in materially false and misleading statements regarding its business operations and prospects [1]. Class Action Details - The class period for the lawsuit is from June 28, 2021, to March 13, 2024, and shareholders who purchased shares during this time are encouraged to register for participation [1][2]. - The deadline for shareholders to seek lead plaintiff status is May 24, 2024, and there is no cost or obligation to participate in the case [2]. Firm's Mission - 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 [3]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements that artificially inflated stock prices [3].