Los Angeles - 
(NewMediaWire) - May 26, 2021 - The Schall Law Firm, a national shareholder rights litigation
firm, reminds investors of a class action lawsuit against Canoo
Inc. (“Canoo” or “the Company”) (NASDAQ: GOEV) for
violations of §§10(b)
and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated
thereunder by the U.S. Securities and Exchange Commission.
Investors who
purchased the Company's securities between August 18, 2020 and March 29, 2021,
inclusive (the ''Class Period''), are encouraged to contact the firm before June
1, 2021.
If you are a
shareholder who suffered a loss, click here to participate.
We also encourage you
to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite
2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of
charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class, in this
case, has not yet been certified, and until certification occurs, you are not
represented by an attorney. If you choose to take no action, you can remain an
absent class member.
According to the
Complaint, the Company made false and misleading statements to the market.
Canoo shifted away from its previous focus on selling vehicles using a
subscription model. The Company’s engineering services would not provide
meaningful revenue in 2021, or reduce operational risk. As a result, the
Company would shift its focus away from the engineering services business as
well. The Company did not have partnerships with original equipment
manufacturers (OEMs) and was not engaging in its previously announced
partnership with Hyundai. Based on these facts, the Company’s public statements
were false and materially misleading. When the market learned the truth about
Canoo, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm
represents investors around the world and specializes in securities class
action lawsuits and shareholder rights litigation.
This press release may
be considered Attorney Advertising in some jurisdictions under the applicable
law and rules of ethics.
CONTACT:
The Schall
Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
SOURCE:
The Schall Law Firm
