Los Angeles, Calif.–(Newsfile Corp. – April 26, 2022) – Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Lilium NV f/k/a Qell Acquisition Corp. (“Lilium” or “the Company”) LILM LILMW for violation of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the United States Securities and Exchange Commission.
Investors who purchased the Company’s securities between March 30, 2021 and March 14, 2022 inclusive (the “Class Period”) are invited to contact the Company before June 17, 2022.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us via the firm’s website at www.schallfirm.com or by email at [email protected]
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to do nothing, you can remain an absent member of the group.
According to the complaint, the company made false and misleading statements to the market. Lilium exaggerated her jet design as well as her capabilities. The company exaggerated the chances of getting the jet certified in a timely manner. The Company has inflated its ability to obtain the necessary batteries for its jets. Based on these facts, the Company’s public statements were false and materially misleading throughout the Class Period. When the market learned the truth about Lilium, investors suffered damage.
Join the case to recoup your losses.
Schall Law Firm represents investors worldwide and specializes in securities class action and shareholder rights litigation.
This press release may be considered attorney advertising in certain jurisdictions under applicable law and ethics rules.
Schall law firm
Brian Schall, Esq.,
Schall law firm
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/121695