NASDAQ: FUV

Arcimoto Inc.

Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Arcimoto Inc. (NASDAQ: FUV) between February 14, 2018 and March 22, 2021, inclusive (the “Class Period”), of the important June 18, 2021 lead plaintiff deadline in the securities class action commenced by the firm.

If you purchased Arcimoto securities between February 14, 2018 and March 22, 2021 and would like to join the action, please click “Join This Class Action,” above.

If you purchased Arcimoto securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:

  • The preorders of Arcimoto’s Fun Utility Vehicles (“FUVs”) were fabricated or never completed, with only 19 units delivered out of an alleged preorder of 422;
  • Arcimoto failed to disclose to customers that nearly 100% of its vehicles delivered were under safety recall;
  • Arcimoto’s largest customer, R-Key-Moto, was an undisclosed related party owned by insider FOD Capital, LLC;
  • Arcimoto’s partnership with HULA was an undisclosed related party transaction; and
  • As a result, defendants’ public statements were materially false and/or misleading at all relevant times.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Follow us on:
Company Name: Arcimoto Inc.
Stock Symbol: FUV
Class Period: February 14, 2018 to March 22, 2021
Court: Eastern District of New York

Why Rosen Law

The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

Scroll to Top