The Lion Electric pany(US:LEV) Prnewswire·2024-06-05 20:41Core Viewpoint - A class action lawsuit has been filed against Northern Genesis Acquisition Corp. and its board for alleged violations related to the 2021 merger with The Lion Electric Company, claiming misleading information was provided to shareholders [1][2]. Group 1: Lawsuit Details - The lawsuit is filed in the United States District Court for the Southern District of New York, case no. 1:24-cv-02155, on behalf of former shareholders of Northern Genesis Acquisition Corp. [1] - The complaint alleges that the Proxy Statement filed on March 24, 2021, contained materially misleading and incomplete information, violating Sections 10(b), 14(a), and 20(a) of the Securities Exchange Act [2]. - The merger between Northern Genesis Acquisition Corp. and The Lion Electric Company was completed on May 6, 2021 [2]. Group 2: Legal Representation - Mr. Juan Monteverde is available to discuss the case and potential lead plaintiff appointments must be made by June 10, 2024 [3]. - Members of the putative class can either seek to serve as lead plaintiff through their counsel or remain absent from the class [3]. Group 3: Law Firm Background - Monteverde & Associates PC is a national class action securities and consumer litigation law firm that has recovered millions for shareholders and consumers [4]. - The firm specializes in litigating Mergers & Acquisitions and Securities Class Actions, aiming to protect investors from corporate misconduct [4]. - Mr. Monteverde has been recognized as a Rising Star in Securities Litigation by Super Lawyers and has received accolades from Martindale-Hubbell as a Top Rated Lawyer [4].