The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Electric Last Mile Solutions, Inc. (“Electric Last Mile”) (NASDAQ: ELMS) f/k/a Forum Merger III Corp. (NASDAQ: FIII). The action charges Electric Last Mile with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company’s business, operations, and prospects. As a result of Electric Last Mile’s materially misleading statements to the public, Electric Last Mile investors have suffered significant losses.

Kessler Topaz is one of the world’s foremost advocates in protecting the public against corporate fraud and other wrongdoing. Our securities fraud litigators are regularly recognized as leaders in the field individually and our firm is both feared and respected among the defense bar and the insurance bar. We are proud to have recovered billions of dollars for our clients and the classes of shareholders we represent.

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CLICK HERE TO SUBMIT YOUR ELECTRIC LAST MILE LOSSES. YOU CAN ALSO CLICK ON THE FOLLOWING LINK OR COPY AND PASTE IN YOUR BROWSER: https://www.ktmc.com/elms-class-action-lawsuit?utm_source=PR&utm_medium=link&utm_campaign=elms

LEAD PLAINTIFF DEADLINE: April 4, 2022
CLASS PERIOD: March 31, 2021 through February 1, 2022

CONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS:
James Maro, Esq. (484) 270-1453 or Email at [email protected]

ELECTRIC LAST MILE’S ALLEGED MISCONDUCT

Electric Last Mile is a commercial electric vehicle solutions company that focuses on designing, engineering, manufacturing, and customizing electric delivery and utility vehicles.

On February 1, 2022, after regular market trading hours, Electric Last Mile revealed that its previously issued financial statements should no longer be relied upon as the company would be restating its previously issued financial statements from August 20, 2020…