Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to firstname.lastname@example.org.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at email@example.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
1800 Century Park East, Suite 600
Los Angeles, CA 90067
It is alleged in this complaint that Arcimoto made false and misleading statements to the market. Out of 422 alleged pre-orders for Arcimoto’s Fun Utility Vehicles, only 19 units were delivered to customers. Arcimoto failed to disclose to its customers that almost all of its FUVs were subject to a safety recall. R-Key-Moto, Arcimoto’s largest customer, was actually an undisclosed related party owned by insider FOD Capital, LLC. In addition, Arcimoto’s partnership with HULA was an undisclosed related party transaction. Arcimoto’s public statements were false and materially misleading, based on these facts. Investors suffered damages when the market learned the truth about Arcimoto.