NEW YORK, May 23, 2021 (GLOBE NEWSWIRE) – WHY: Rosen Law Firm, an international investor rights law firm, reminds buyers of securities in Romeo Power Inc. (NYSE: RMO, RMO.WT) f / k / a RMG Acquisition Corp. (NYSE: RMG, RMG.WS) between October From March 5, 2020 to March 30, 2021 inclusive (the “course period”), from Deadline of June 15, 2021 for the principal applicant.
SO WHAT: If you purchased securities of Romeo Power during the Class Period, you may be entitled to compensation without payment of any costs or out of pocket expenses through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Romeo Power class action, visit http://www.rosenlegal.com/cases-register-2080.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by emailing [email protected] or [email protected] for information on the class action. A class action has already been filed. If you want to act as the principal applicant, you must move the court no later than June 15, 2021. A principal plaintiff is a representative party acting on behalf of the other class members in the direction of the litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified lawyers with a proven track record in leadership roles. Often, companies that issue opinions do not have comparable experience or resources. Rosen law firm represents investors around the world, focusing its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm completed the largest securities class action settlement against a Chinese company. Rosen law firm was ranked # 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company raised more than $ 438 million for investors. In 2020, founding partner Laurence Rosen was appointed by law360 as the Titan of Plaintiffs’ Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuits, Romeo Power had a limited supply of battery cells and contrary to the defendants’ statements: (1) Romeo Power only had two suppliers of battery cells, not four; (2) the potential future risks of which the defendants warned regarding an interruption or shortage of supply had already occurred and were already adversely affecting the business, operations and business prospects of Romeo Power; (3) Romeo Power did not have the battery cell inventory to meet end-user demand and increase production in 2021; (4) Romeo Power’s supply constraint was a major obstacle to Romeo Power’s revenue growth; and (5) Romeo Power’s supply chain for battery cells was not covered, but was in fact totally threatened and indebted to only two battery cell suppliers and the cash market for their 2021 inventory. the real details have entered the market, the lawsuit claims investors have suffered damage.
To join the Romeo Power class action, visit http://www.rosenlegal.com/cases-register-2080.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by emailing [email protected] or [email protected] for information on the class action.
No class has been certified. Until a group is accredited, you are not represented by a lawyer, unless you retain one. You can choose the board of your choice. You can also remain an absent student and do nothing at this point. The ability of an investor to participate in a possible future recovery does not depend on its role as lead applicant.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
Rosen Law Firm, PA
275 Madison Avenue, 40th Floor
New York, NY 10016
Phone: (212) 686-1060
Toll free: (866) 767-3653
Fax: (212) 202-3827