Romeo Power
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
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 info@portnoylaw.com.
If you choose to take no action, you can remain an absent class member.
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The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
It is alleged in this complaint that Romeo experienced a constrained supply of battery cells, which was contrary to Romeo’s representations: (1) Romeo used only two suppliers of battery cells, not four; (2) the future potential risks that Romeo warned of, which concerned disruption of supply or shortage, had already occurred, already negatively affecting Romeo business, operations and business prospects; (3) Romeo did not in fact have the battery cell inventory needed to accommodate end-user demand and ramp up production in 2021; (4) Romeo’s supply constraint was a material hindrance to revenue growth; and (5) Romeo’s supply chain for battery cells was not hedged, but in fact at risk and beholden to their only two battery cell suppliers and the spot market for their 2021 inventory. The lawsuit claims that investors suffered damages when the true details entered the market.
