Here's a Law Firm looking for Rivian Clients

[WheeledLife]

INVESTIGATION ALERT: The Schall Law Firm Encourages Investors in Rivian Automotive, Inc. with Losses of $100,000 to Contact the Firm
January 27, 2022 01:34 PM Eastern Standard Time
LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Rivian Automotive, Inc. (“Rivian” or “the Company”) (NASDAQ: RIVN) for violations of the securities laws.

“began a phased retirement from Rivian several months ago, affording the team continuity as we moved toward production ramp.”
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The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Rivian announced that COO Rod Copes was stepping down from the Company on January 11, 2022. According to the Company, Copes “began a phased retirement from Rivian several months ago, affording the team continuity as we moved toward production ramp.” This came after news in December that the Company would fall “a few hundred vehicles short” of its 1,200 vehicle target for the year. Finally, Amazon, an investor and major customer of Rivian, announced it would buy electric vans from competitor Stellantis NV. Based on this news, shares of Rivian fell by more than 5%.
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[Diddy123]

They’re looking for Rivian investors, not clients.

And I f*cking hate lawsuits of this nature. Bottom feeder lawyers trying to make a quick buck.

 

[Dark-Fx]

They’re looking for Rivian investors, not clients.

And I f*cking hate lawsuits of this nature. Bottom feeder lawyers trying to make a quick buck.

They are looking for dumb investors to take money from. Rivian hasn't done anything to violate the securities laws.

 

[RivianDeac]

Anyone that joins this litigation attempt is a whiny LB and a sore loser. It was obvious this was a high-risk high-reward play from the beginning. Cry me a river.

 

[LoneStar]

Hell, I made a modest "killing" on the IPO deal by selling 90% of my shares above $145

 

[IlliniRivian]

I'm honestly surprised it has taken this long for a plaintiffs' law firm like this to start looking around. This type of firm looks around after almost any IPO.

 

[paariv]

I have handled many suits like this from the defense side. Any significant one-day drop in price triggers a claim. These firms will then try to figure out if they can blame the drop on any disclosures that were made around that time - even if, like the announcement of the COO’s departure, they weren’t important at all. They’ll say the company defrauded investors by concealing that information.

Ive never heard of this firm so I don’t think they’re heavy hitters.

 

[RideAlong]

shysters gonna shyst. The stock market is so totally caveat emptor and an EV startup IPO even more so. #contingencyBarrister #BillableHours

 

[KingofThorns]

Bottom feeder lawyers trying to make a quick buck.

?

 

[Diddy123]

?

LOL. Cheer up! I'm not saying lawyers in general are bottom feeders. I'm saying these particular lawyers are.

 

[stynes]

Hell, I made a modest "killing" on the IPO deal by selling 90% of my shares above $145

Wish I would have been that smart and could have repurchased now at 3x the number of shares!

 

[KiloV]

LOL! This is such a ridiculous case of predatory litigation, I can't even.... I hesitate to break out the old chestnut, "This is what is wrong with this country these days!" But, this is kinda what's wrong, to at least some degree. SMH.

 

[Zoidz]

With all due respect to those here who are in the legal profession, the firms that pursue cases like this remind me of this, and give legitimate companies bad image:

 

[moosehead]

That’s some hustle.

 

[SeaGeo]

I'm being lazy at the moment, but was the COO even listed in the S-1?

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