NWTN(NWTN) Prnewswire·2024-05-30 17:03Core Viewpoint - Pomerantz LLP is investigating potential securities fraud or unlawful business practices involving NWTN Inc. and its officers or directors [1] Group 1: Company Compliance Issues - On May 24, 2024, NWTN announced it received a letter from Nasdaq indicating non-compliance with Listing Rule 5250(c)(1) due to the failure to file its Annual Report on Form 20-F for the year ended December 31, 2023 [2] - NWTN has until July 22, 2024, to submit a plan to regain compliance with Nasdaq [2] - Following this announcement, NWTN's stock price dropped by 3.44 per share on May 28, 2024 [2] Group 2: Legal Context - Pomerantz LLP is recognized for its expertise in corporate, securities, and antitrust class litigation, having recovered billions in damages for victims of securities fraud and corporate misconduct [3]