The Schall Law Firm Reminds Investors of a Class Action Lawsuit Against Workhorse Group Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
Schall law firm, a national shareholder rights law firm, is reminding investors of a class action lawsuit against Workhorse Group Inc. (“Workhorse” or “the Company”) (NASDAQ: WKHS) for violating Sections 10 (b) and 20 (a) des Securities Exchange Act of 1934 and Rule 10b-5 issued by the Securities and Exchange Commission.
Investors who purchased the Company’s securities between July 7, 2020 and February 23, 2021 (including the “Class Period”) are requested to contact the Company before May 7, 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 at no charge. You can also contact us on the company’s website at www.schallfirm.com or by email at email@example.com.
In this case, the class has not yet been certified and you will not be represented by a lawyer until certification. If you don’t take action, you can remain an absent class member.
According to the complaint, the company made false and misleading statements to the market. Workhorse didn’t have a solid indication that the USPS would choose an electric vehicle as its next-generation delivery vehicle, and instead just hoped it would. The company hid the fact that replacing the entire USPS fleet with electric vehicles would be massively expensive and completely impractical, as revealed by the Postmaster General when explaining the decision not to choose an electric vehicle. Because of these facts, the company’s public statements were false and materially misleading throughout the teaching period. When the market learned the truth about Workhorse, investors suffered damage.
Join the case to make up for your losses.
Schall law firm represents investors around the world and specializes in class action and shareholder disputes.
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This press release may be viewed as a solicitor’s advertisement in some jurisdictions under applicable laws and ethical rules.
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The law firm Schall
Brian Schall, Esq.