Investor Alert: The Lion Electric Company Urges Shareholders to Seek Legal Counsel Ahead of the June Deadline in Securities Class Action

NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) — The Rosen Law Firm, a globally recognized investor rights law firm, strongly recommends that shareholders of The Lion Electric Company LEV act swiftly to secure legal counsel. Investors who purchased shares in connection with Northern Genesis Acquisition Corp.'s initial public offering or during related timeframes and have experienced significant losses have until June 10, 2024, to request appointment as a lead plaintiff in a securities class action lawsuit. The case is directed at Northern Genesis Acquisition Corp., which has since become known under the name of The Lion Electric Company.

The Class Action Lawsuit Explained

The lawsuit alleges that the company may have issued materially misleading information to the investing public, thereby violating securities laws. This issue concerns investors who are facing considerable losses and are encouraged to join the legal action before the critical June deadline. Shareholders are invited to contact the Rosen Law Firm for more information on how they can participate and potentially recover their investments.

About The Lion Electric Company

The Lion Electric Company LEV specializes in the manufacturing of fully electric medium and heavy-duty urban vehicles and serves the North American market. Renowned for pushing the envelope in sustainable urban transportation, the company maintains its headquarters in Saint-Jrme, Canada. As the shift towards renewable energy and environmentally friendly modes of transportation continues, The Lion Electric Company stands at the forefront of electric vehicle technology, providing innovative solutions intended to reshape urban mobility.

Investors in LEV are now facing a decisive moment as the deadline approaches and must act promptly to join the ongoing securities litigation. Interested parties are recommended to reach out to legal representatives to understand their rights and the potential for recouping losses resulting from any alleged misinformation by the company.

Investor, Deadline, Lawsuit