Lawsuit Pending for Investors in Rivian Automotive, Inc. (NASDAQ: RIVN) Shares – Contact Shareholders Foundation

Investors in Rivian Automotive, Inc. (NASDAQ: RIVN) are facing a potential lawsuit over alleged securities laws violations. The lawsuit, filed by an investor in NASDAQ: RIVN shares, claims that Rivian had overstated demand for its electric vehicles (EVs) and failed to disclose the negative impact of inflation and higher interest rates on demand. Additionally, the plaintiff alleges that Rivian’s production ramp-up was not as successful as the company had claimed.

This news comes after Rivian announced its fourth quarter and full year 2023 financial results, revealing lower production forecasts and plans to cut staff. The discrepancy between analyst expectations and Rivian’s projections has raised concerns among investors.

Investors who purchased shares of Rivian Automotive, Inc. (NASDAQ: RIVN) prior to August 2022 and still hold those shares are urged to contact the Shareholders Foundation for more information on their options. The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and settlement claim filing service that provides information on shareholder issues and securities class actions.

For more information on this pending lawsuit and how it may impact Rivian Automotive, Inc. investors, contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554. Stay informed and protect your investments in the ever-changing stock market landscape.