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CLASS ACTION ALERT: The Law Offices of Vincent Wong Remind Lilium N.V. f/k/a Qell Acquisition Corp. Investors of a Lead Plaintiff Deadline of June 17, 2022

LILM

NEW YORK , May 9, 2022 /PRNewswire/ -- Attention Lilium N.V. f/k/a Qell Acquisition Corp. ("Lilium N.V. f/k/a Qell Acquisition Corp.") (NASDAQ: LILM) shareholders:

The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors who purchased between March 30, 2021 and March 14, 2022.

If you suffered a loss on your investment in Lilium N.V. f/k/a Qell Acquisition Corp., contact us about potential recovery by using the link below. There is no cost or obligation to you.

https://www.wongesq.com/pslra-1/lilium-n-v-f-k-a-qell-acquisition-corp-loss-submission-form?prid=26902&wire=4

ABOUT THE ACTION: The class action against Lilium N.V. f/k/a Qell Acquisition Corp. includes allegations that the Company made materially false and/or misleading statements and/or failed to disclose 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.

DEADLINE: June 17, 2022
Aggrieved Lilium N.V. f/k/a Qell Acquisition Corp. investors only have until June 17, 2022 to request that the Court appoint you as lead plaintiff. You are not required to act as a lead plaintiff in order to share in any recovery.

Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
E-Mail: vw@wongesq.com

Cision View original content:https://www.prnewswire.com/news-releases/class-action-alert-the-law-offices-of-vincent-wong-remind-lilium-nv-fka-qell-acquisition-corp-investors-of-a-lead-plaintiff-deadline-of-june-17-2022-301541757.html

SOURCE The Law Offices of Vincent Wong