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

• Rivian would not meet its 2021 production and delivery targets;
• Rivian’s vehicles were underpriced and the Company would need to substantially increase prices; and
• as a result, defendants’ representations about the Company’s business, operations, and prospects lacked a reasonable basis.

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.

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