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ARVL TUESDAY DEADLINE: ROSEN, RESPECTED INVESTOR COUNSEL, Encourages Arrival SA Investors With Losses to Secure Counsel Before Important February 22 Deadline in Securities Class Action – ARVL

NEW YORK (ClassActionDaily) The Rosen Law Firm released the following statement:

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Arrival SA (NASDAQ: ARVL) between November 18, 2020, and November 19, 2021, inclusive (the “Class Period”), of the important February 22, 2022 lead plaintiff deadline.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Arrival would record a substantially greater net loss and adjusted EBITDA loss in the third quarter of 2021 compared to the third quarter of 2020; (2) Arrival would experience far greater capital and operational expense to operate and deploy its microfactories and manufacture EV vehicles than it had disclosed; (3) Arrival would not capitalize on or achieve profitability or provide meaningful revenue in the time periods disclosed; (4) Arrival would not achieve its disclosed production and sales volumes; (5) Arrival would not meet the disclosed production rollout deadlines; (6) accordingly, Arrival materially overstated its financial and operational position and/or prospects; and (7) as a result, defendants’ public statements were materially false and misleading at all relevant times.  When the true details entered the market, the lawsuit claims that investors suffered damages.

SO WHAT: If you purchased Arrival securities during the Class Period you may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles.  Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition.  Many of these firms do not actually handle securities class actions but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel.  The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.  Rosen Law Firm has achieved the largest-ever securities class action settlement against a Chinese Company.  Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for a number of securities class action settlements in 2017.  The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors.  In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

WHAT TO DO NEXT: To join the Arrival class action, go to https://rosenlegal.com/submit-form/?case_id=3065 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.  A class-action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 22, 2022.  A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

SOURCE: Rosen Law Firm via PRNewswire – February 19, 2022, @13:40 ET