Volta Inc. f/k/a Tortoise Acquisition Corp. II

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Volta Inc. f/k/a Tortoise Acquisition Corp. II (NASDAQ: VLTA, VLTA-WT, SNPR) between August 2, 2021 and March 28, 2022, inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 31, 2022.

If you purchased Volta securities between August 2, 2021 and March 28, 2022 and would like to join the prospective action, please click “Join This Class Action.”

Class Period:August 2, 2021 and March 28, 2022
If you purchased Volta securities 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:

  • Volta had improperly accounted for restricted stock units issued in connection with the Business Combination;
  • Volta had understated its net loss for third quarter 2021;
  • There were material weaknesses in Volta’s internal control over financial reporting that resulted in a material error;
  • As a result of the foregoing, Volta would restate its financial statements;
  • Legacy Volta’s founders would imminently exit the Company;
  • Volta’s financial results would be adversely impacted; and
  • As a result of the foregoing, defendants’ positive statements about Volta’s business, operations, and prospects were materially misleading and/or 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.

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

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Company Name: Volta Inc.
Stock Symbol: VLTA
Class Period: August 2, 2021 and March 28, 2022
Court: United States District Court for the Northern District of California

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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.

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

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