{"id":5485,"date":"2024-03-08T03:30:00","date_gmt":"2024-03-07T20:30:00","guid":{"rendered":"https:\/\/www.globenewswire.com\/news-release\/2024\/03\/07\/2842690\/1087\/en\/SHAREHOLDER-ALERT-Pomerantz-Law-Firm-Investigates-Claims-on-Behalf-of-Investors-of-Rivian-Automotive-Inc-RIVN.html2842690"},"modified":"2024-03-08T03:30:00","modified_gmt":"2024-03-07T20:30:00","slug":"shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-rivian-automotive-inc-rivn","status":"publish","type":"post","link":"https:\/\/cryptoinsider.asia\/vi\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-rivian-automotive-inc-rivn\/","title":{"rendered":"SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Rivian Automotive, Inc. - RIVN"},"content":{"rendered":"\n<p align=\"left\">NEW YORK, March 07, 2024 (GLOBE NEWSWIRE) &#8212; &nbsp;Pomerantz LLP is investigating claims on behalf of investors of Rivian Automotive, Inc. (\u201cRivian\u201d&nbsp;or the \u201cCompany\u201d)&nbsp;(NASDAQ: RIVN).&nbsp;&nbsp; Such investors are advised to contact Danielle Peyton at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=xNtQMz7jhJUOcM-RZV1Ukod2iQjJFr8RMHmT6UlNNarMKEegaP7mU2EI3_JsL_YFO-S7oMofcdzVSythD8MiBoRqN6z2JuMef5GL8jTZnBM=\" rel=\"nofollow noopener\" target=\"_blank\" title><u>newaction@pomlaw.com<\/u><\/a>&nbsp;or 646-581-9980, ext.&nbsp;7980.&nbsp; &nbsp;<\/p>\n<p align=\"justify\">The investigation concerns whether Rivian and certain of its officers and\/or directors have engaged in securities fraud or other unlawful business practices.<\/p>\n<p align=\"center\"><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=v3S72ql7dDIhjeLICSPWWJqX5EdvZ6g5t7UW5SnoFFo1kO0tiLftpQ2CYL5naT2-pdy5dnPcLIbNjP_m_r0R46Hjr4ETToaB39X72dEr_lBgB1ScSr8HTavBSp6QsUPifIgKwYyvpTGJAhLP4taRGGdxSyPnAW9-mCntxiTJS1PmQguqwSF68tEg3zwCc1vw\" rel=\"nofollow noopener\" target=\"_blank\" title><strong><u>[Click here for information about joining the class action]<\/u><\/strong><\/a>&nbsp;&nbsp;&nbsp;&nbsp;<\/p>\n<p align=\"justify\">On February 21, 2024, Rivian reported its fourth quarter financial and operating results. Among other items, Rivian announced that it expects to produce 57,000 vehicle units in 2024, significantly lower than analyst expectations of 80,000 units. The Company further disclosed an adjusted EBITDA loss of $2.70 billion, compared to analyst expectations of $2.59 billion, and announced plans to cut 10% of salaried staff, citing economic uncertainty.<\/p>\n<p align=\"justify\">On this news, Rivian\u2019s stock price fell $3.94 per share, or 25.6%, to close at $11.45 per share on February 22, 2024.<\/p>\n<p align=\"justify\">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 <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=JED70dDuSPxi015NxrRWL118t1S48EHYOgdxuFX7JtMXKeKEMii82sfiCVi-jZiPB4Hm3n_8A3jxsOhan-DgGQ==\" rel=\"nofollow noopener\" target=\"_blank\" title><u>www.pomlaw.com<\/u><\/a>. &nbsp;&nbsp;<\/p>\n<p align=\"justify\">Attorney advertising. &nbsp;Prior results do not guarantee similar outcomes.&nbsp;&nbsp;&nbsp;&nbsp;<\/p>\n<p align=\"justify\"><strong>CONTACT:<\/strong><\/p>\n<p align=\"justify\">Danielle Peyton<\/p>\n<p align=\"justify\">Pomerantz LLP<\/p>\n<p align=\"justify\"><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=7ZaBQsWllxKdaOHZcGM6uGHVsE6f-JrPxVrPPWmtc4wqhrJSGpr7XsD5UrBV9QSJeXJnorxpeyI3mJWjOIR_JXgDyiReUU5GDFh6wUjcnLA=\" rel=\"nofollow noopener\" target=\"_blank\" title><u>dpeyton@pomlaw.com<\/u><\/a><\/p>\n<p align=\"justify\">646-581-9980 ext. 7980<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/YzA2MjAzMWMtZDkyYS00MTY5LThmMmQtMjlkNzU0ODAwOTFhLTEwMjkyMTc=\/tiny\/Pomerantz-LLP.png\" referrerpolicy=\"no-referrer-when-downgrade\"> <\/p>\n","protected":false},"excerpt":{"rendered":"<p> NEW YORK, March 07, 2024 (GLOBE NEWSWIRE) &#8212; \u00a0Pomerantz LLP is investigating claims on behalf of investors of Rivian Automotive, Inc. (\u201cRivian\u201d\u00a0or the \u201cCompany\u201d)\u00a0(NASDAQ: RIVN).\u00a0\u00a0 Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com\u00a0or 646-581-9980, ext.\u00a07980.\u00a0 \u00a0 The investigation concerns whether Rivian and certain of its officers and\/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action]\u00a0\u00a0\u00a0\u00a0 On February 21, 2024, Rivian reported its fourth quarter financial and&#8230;<\/p>\n","protected":false},"author":1,"featured_media":5486,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[75,1406],"tags":[],"class_list":["post-5485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-globenewswire"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Rivian Automotive, Inc. - RIVN<\/title>\n<meta name=\"description\" content=\"NEW YORK, March 07, 2024 (GLOBE NEWSWIRE) -- \u00a0Pomerantz LLP is investigating claims on behalf of investors of Rivian Automotive, Inc. (\u201cRivian\u201d\u00a0or the \u201cCompany\u201d)\u00a0(NASDAQ: RIVN).\u00a0\u00a0 Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com\u00a0or 646-581-9980, ext.\u00a07980.\u00a0 \u00a0 The investigation concerns whether Rivian and certain of its officers and\/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action]\u00a0\u00a0\u00a0\u00a0 On February 21, 2024, Rivian reported its fourth quarter financial and...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"\" \/>\n<meta property=\"og:locale\" content=\"vi_VN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Rivian Automotive, Inc. - RIVN\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, March 07, 2024 (GLOBE NEWSWIRE) -- \u00a0Pomerantz LLP is investigating claims on behalf of investors of Rivian Automotive, Inc. (\u201cRivian\u201d\u00a0or the \u201cCompany\u201d)\u00a0(NASDAQ: RIVN).\u00a0\u00a0 Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com\u00a0or 646-581-9980, ext.\u00a07980.\u00a0 \u00a0 The investigation concerns whether Rivian and certain of its officers and\/or directors have engaged in securities fraud or other unlawful business practices. 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