According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that:
- defendants overstated the progress of Lilium’s fundraising activities;
- defendants overstated the likelihood and/or feasibility of obtaining sufficient funding to continue operations;
- defendants failed to sufficiently disclose the imminent insolvency of Lilium and its subsidiaries; and
- as a result of the foregoing, defendants’ positive statements about Lilium’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.
