NEW
YORK, March 23, 2022 /PRNewswire/ -- The
Gross Law Firm issues the following notice to shareholders of
Electric Last Mile Solutions, Inc. f/k/a Forum Merger III
Corp..
Shareholders who purchased shares of ELMS during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/electric-last-mile-solutions-inc-f-k-a-forum-merger-iii-corp-loss-submission-form/?id=24986&from=4
CLASS PERIOD: March 31,
2021 to February 1, 2022
ALLEGATIONS: The complaint alleges that during the class
period, Defendants issued materially false and/or misleading
statements and/or failed to disclose that: (1) ELMS's previously
issued financial statements were false and unreliable; (2) ELMS's
earlier reported financial statements would need restatement; (3)
certain ELMS executives and/or directors purchased equity in the
Company at substantial discounts to market value without obtaining
an independent valuation; (4) on November
25, 2021 (Thanksgiving), the Company's Board formed an
independent Special Committee to conduct an inquiry into certain
sales of equity securities made by and to individuals associated
with the Company; and (5) as a result, Defendants' statements about
its business, operations, and prospects, were materially false and
misleading and/or lacked a reasonable basis at all relevant
times.
DEADLINE: April 4, 2022
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/electric-last-mile-solutions-inc-f-k-a-forum-merger-iii-corp-loss-submission-form/?id=24986&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of ELMS during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is April 4, 2022. There is no cost or
obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm