Atlanta, Georgia--(Newsfile Corp. - February 3, 2022) - Holzer & Holzer, LLC is investigating whether Electric Last Mile Solutions, Inc. ("Electric Last Mile" or the "Company") (NASDAQ: ELMS) complied with federal securities laws. On February 1, 2022, the Company announced that the CEO and the Executive Chairman of the Board had resigned following an investigation conducted by a Special Committee of the Board of Directors. The Company disclosed that "shortly before the Company's December 10, 2020 announcement of a definitive agreement . . . certain Electric Last Mile Inc. executives purchased equity in the Company at substantial discounts to market value without obtaining an independent valuation" and that "previously issued consolidated financial statements should be restated" and can no longer be relied on. Following the announcement, the Company's stock dropped.
If you purchased Electric Last Mile stock and suffered a loss on that investment, you are encouraged to contact Corey D. Holzer, Esq. at cholzer@holzerlaw.com or Joshua Karr, Esq. at jkarr@holzerlaw.com, call our toll-free number at (888) 508-6832, or visit our website at www.holzerlaw.com to discuss your legal rights.
Holzer & Holzer, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey D. Holzer is the attorney responsible for its content.
CONTACT:
Corey D. Holzer, Esq.
(888) 508-6832 (toll-free)
cholzer@holzerlaw.com
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