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Lilium N.V. f/k/a Qell Acquisition Corp. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before June 17, 2022 to Discuss Your Rights - LILM

LILM

New York, New York--(Newsfile Corp. - May 6, 2022) - Levi & Korsinsky, LLP notifies investors in Lilium N.V. f/k/a Qell Acquisition Corp. ("Lilium N.V. f/k/a Qell Acquisition Corp." or the "Company") (NASDAQ: LILM) of a class action securities lawsuit.

The lawsuit on behalf of Lilium N.V. f/k/a Qell Acquisition Corp. investors has been commenced in the the United States District Court for the Central District of California. Affected investors purchased or otherwise acquired certain Lilium N.V. f/k/a Qell Acquisition Corp. securities between March 30, 2021 and March 14, 2022. Follow the link below to get more information and be contacted by a member of our team:

https://www.zlk.com/pslra-1/lilium-n-v-f-k-a-qell-acquisition-corp-loss-submission-form?prid=26924&wire=5

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/7091/123089_688927_logo.jpg



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https://www.youtube.com/watch?v=3yEd6rte2vI

Lilium N.V. f/k/a Qell Acquisition Corp. NEWS - LILM NEWS

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) Lilium materially overstates the design and capabilities of the Lilium Jet, an electric vertical take-off-and-landing aircraft for use in a new type of high-speed air transport system for people and goods; (2) Lilium materially overstates the likelihood for the Lilium Jet's timely certification; (3) Lilium misrepresents its ability to obtain or create the necessary batteries for the Lilium Jet; (4) the special purpose acquisition company merger would not and did not generate enough cash to commercially launch the Lilium Jet; (5) Qell Acquisition Corp. did not engage in proper due diligence regarding its merger with Lilium GmbH; and (6) as a result, Defendants' public statements and statements to journalists were materially false and/or misleading at all relevant times.

WHAT THIS MEANS TO SHAREHOLDERS: If you suffered a loss in Lilium N.V. f/k/a Qell Acquisition Corp. during the relevant timeframe, you have until June 17, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. Discuss your rights with our legal team without cost or obligation.

PROTECT YOUR FINANCIAL INTERESTS: Complete this brief submission form https://www.zlk.com/pslra-1/lilium-n-v-f-k-a-qell-acquisition-corp-loss-submission-form?prid=26924&wire=5 or call 212-363-7500 to discuss the case.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/123089