Rivian Automotive, Inc.

Registration Deadline:

06/18/2024

Submit Your Information

A securities class action has been filed in the USDC – C.D.CA. against Rivian Automotive, Inc. (RIVN) (“Rivian” or the “Company”), on behalf of all persons and entities that purchased or otherwise acquired Rivian securities between March 1, 2023 and February 21, 2024, both dates inclusive (the “Class Period”).

Rivian, together with its subsidiaries, designs, develops, manufactures, and sells electric vehicles (“EVs”) and accessories. The Company sells its products directly to customers in the consumer and commercial markets.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that:

(1) Rivian had overstated demand for its products, as well as its ability to withstand negative, near-term macroeconomic impacts;

(2) accordingly, Rivian’s business was experiencing reduced demand and increased customer cancellations as a result of, inter alia, high interest rates;

(3) as a result, Rivian’s order bank had significantly deteriorated;

(4) all the foregoing was likely to, and did, negatively impact the Company’s anticipated earnings and vehicle production targets for 2024; and

(5) as a result, the Company’s public statements were materially false and misleading at all relevant times, thereby harming investors.

If you purchased Rivian securities during the Class Period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.

About Lowey Dannenberg

Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.

If you suffered a loss on your investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below.

An attorney will contact you at no cost to provide you information about joining the action and answer your questions. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.