The Schall Law Firm Reminds Investors of a Class Action Lawsuit Against Romeo Power, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / June 4, 2021 /Schall Law Firm, a national shareholder law firm, is reminding investors of a class action lawsuit against Romeo Power, Inc. (“Romeo Power” or “the Company”) (NYSE: RMO) (NYSE: RMO.WT) f / k / a RMG Acquisition Corp. (NYSE: RMG) (NYSE: RMG.WS) for violating 10 (b) and 20 (a) of the Securities Exchange Act of 1934 and Rule 10b-5, which were promulgated by the U.S. securities under the Exchange Commission.

Investors who acquired the Company’s securities between October 5, 2020 and March 30, 2021 inclusive (the “Class Period”) are advised to contact the Company before June 15, 2021.

If you are a shareholder who has 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 contact us on the firm’s website at www.schallfirm.com or by email at [email protected].

In this case, the class has not yet been certified and you will not be represented by a lawyer until certified. If you do nothing, you can remain an absent class member.

According to the lawsuit, the company provided false and misleading information to the market. Romeo Power only had two suppliers of battery cells, despite claiming to have four suppliers. Although the company identified supply bottlenecks as a future risk, the bottlenecks had already arisen and had a negative impact on the company’s operations. The company has not been able to maintain sufficient levels of supply to meet end-user demand and increase production in 2021. The company’s battery cell inventory was not secured as claimed, but was delivered to its two suppliers and the spot market for inventory. Because of these facts, the company’s public statements were false and materially misleading throughout the course period. When the market learned the truth about Romeo Power, investors suffered damage.

The story goes on

Join the case to make up for your losses.

The law firm Schall represents investors worldwide and specializes in securities class actions and shareholder disputes.

This press release may be viewed as a solicitation in some jurisdictions under applicable law and ethical rules.

CONTACT:
The Schall law firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE: The Schall law firm

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https://www.accesswire.com/650526/INVESTOR-ACTION-NOTICE-The-Schall-Law-Firm-Reminds-Investors-of-a-Class-Action-Lawsuit-Against-Romeo-Power-Inc-and- Encourages-investors-with-losses-in-excess-of-100,000-to-contact-the-company