NEW YORK, NY / ACCESSWIRE / November 7, 2024 / Pomerantz LLP is investigating claims on behalf of investors of Lilium N.V. ("Lilium" or the "Company") (OTC:LILMF). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether Lilium and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On October 24, 2024, Lilium disclosed that it had been unable to secure government funding for two of its German subsidiaries and had not been able to raise sufficient additional funds to continue operations. As a result, the managing directors of the relevant subsidiaries have determined that they are overindebted and are, or will, become unable to pay their existing liabilities.
On this news, Lilium's stock price fell $0.335 per share, or 61.5%, to close at $0.209 per share on October 24, 2024.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
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SOURCE: Pomerantz LLP
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