ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Canoo Inc. and Encourages Investors with Losses of $100,000 to Contact the Firm
LOS ANGELES, April 1, 2021 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Canoo Inc. ("Canoo" or "the Company") (NASDAQ: GOEV) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Canoo is the subject of an article published by The Verge on March 29, 2021. The article, titled, "Canoo's deal with Hyundai appears dead," states that "Canoo chairman Tony Aquila shared the news Monday during an icy investor call — Canoo's first as a publicly-traded company." The article added, "when pressed on the startup's previous claims," the current chairman "pointed to its prior leadership," and "that talk of potential partnerships was 'presumptuous.'" The article noted that "Canoo quietly uploaded a new investor presentation to its investor relations website on Monday that no longer mentions Hyundai." Based on this news, shares of Canoo dropped by more than 21% on March 30, 2021.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com
SOURCE The Schall Law Firm
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