NEW YORK, Nov. 01, 2022 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors in Rivian Automotive, Inc. (“Rivian” or the “Company”) (NASDAQ: RIVN). Investors are advised to obtain an E -Send mail to [email protected] Or contact Robert S. Willoughby at 888-476-6529 ext. 7980.

This investigation concerns whether Rivian and any of its officers and/or directors have engaged in securities fraud or other illegal business practices.

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On October 7, 2022, Rivian announced a recall of approximately 13,000 vehicles after discovering an issue with the steering system on affected vehicles. Rivian said the fasteners connecting the upper control arm to the steering knuckle could be installed incorrectly, which could make the vehicle difficult to control and increase the risk of an accident.

Affected by this news, Rivian’s share price fell $2.47 per share or 7.28% on October 10, 2022 to close at $31.48 per share.

With offices in New York, Chicago, Los Angeles, Paris and Tel Aviv, Pomerantz LLP is a premier class action law firm specializing in corporate, securities and antitrust law. Founded by the late Abraham L. Pomerantz, Pomerantz pioneered and is a well-known firm in the field of securities class actions. Founded more than 85 years ago, Pomerantz has continued to build on the company’s legacy of serving victims of securities fraud, breaches of fiduciary duty and corporate wrongdoing. The company has repeatedly recovered millions of dollars in damages for members of the class. Please browse www.pomlaw.com?

Interlocutor:

Robert S Willoughby
Pomerantz LLP
[email protected]
888-476-6529 ext. 7980