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Shareholder Alert: Robbins LLP Reminds Investors that Workhorse Group, Inc. (WKHS) is Being Sued for Misleading Shareholders

Shareholder Alert: Robbins LLP Reminds Investors that Workhorse Group, Inc. (WKHS) is Being Sued for Misleading Shareholders

股东警示:Robbins LLP提醒投资者,工作马集团(WKHS)正因误导股东而被起诉
Business Wire ·  2021/04/05 18:19

Shareholder rights law firm Robbins LLP reminds investors that a purchaser of Workhorse Group, Inc. (NASDAQ: WKHS) filed a class action complaint against the Company and its officers and directors for alleged violations of the Securities Exchange Act of 1934 between July 7, 2020 and February 23, 2021. Workhorse Group develops and manufactures electric delivery vehicles.

股东权益律师事务所Robbins LLP提醒投资者,工作马集团(WorkHorse Group,Inc.)。(纳斯达克市场代码:WKHS)对公司及其高级管理人员和董事提起集体诉讼,指控他们在2020年7月7日至2021年2月23日期间违反了1934年证券交易法。工作马集团开发和制造电动送货车辆。

If you suffered a loss due to Workhorse Group, Inc.'s misconduct, click here .

如果您因为工作马集团公司的不当行为而蒙受损失,请单击此处。

Workhorse Group, Inc. (WKHS) Misled Shareholders About Its Ability to Obtain a Delivery Vehicle Contract With the USPS

WorkHorse Group,Inc.(WKHS)在获得与美国邮政总局(USPS)的送货车辆合同的能力方面误导了股东

According to the complaint, Workhorse Group was vying for the USPS's Next Generation Delivery Vehicle project, a competitive multiyear acquisition process for replacing approximately 165,000 package delivery vehicles. The contract was thought to be worth approximately $6.3 billion. During the class period, Workhorse Group touted its potential to obtain the USPS contract, speculated that its all-electric vehicle "is probably the perfect vehicle for them," and noted that the contract "would be transforming for the company."

根据起诉书,工作马集团正在竞争美国邮政的下一代递送车辆项目,这是一个竞争激烈的多年收购过程,旨在更换大约16.5万辆包裹递送车辆。这份合同被认为价值约63亿美元。在上课期间,工作马集团吹嘘其获得USPS合同的潜力,推测其全电动汽车“可能是他们的完美交通工具”,并指出该合同“将对公司产生变革”。

These statements turned out to be false and/or misleading. Workhorse failed to disclose that: (1) the Company was merely hoping that USPS was going to select an electric vehicle as its Next Generation Delivery Vehicle, and had no assurance or indication from USPS that this was the case; and (2) the Company had concealed the fact that – as revealed by the postmaster general in explaining the ultimate decision not to select an electric vehicle – electrifying the USPS's entire fleet would be impractical and extremely expensive.

事实证明,这些说法是虚假的和/或具有误导性的。WorkHorse未能披露:(1)本公司只是希望USPS将选择一款电动汽车作为其下一代运输工具,并且没有从USPS得到任何保证或迹象表明情况会是这样;以及(2)本公司隐瞒了一个事实,即-正如邮政署署长在解释不选择电动汽车的最终决定时所透露的那样,让USPS的整个车队电气化将是不切实际和极其昂贵的。

The truth was revealed on February 23, 2021, when the USPS announced, "it awarded a 10-year contract to Oshkosh, WI, based Oshkosh Defense, to manufacture a new generation of U.S.-built postal delivery vehicles that will drive the most dramatic modernization of the USPS fleet in three decades." On this news, the price of Workhorse fell $14.88, or 47%, on February 23, 2021, and continued to drop in after-hours trading to open at $14.07 the next day.

2021年2月23日,当美国邮政总局宣布:“它向威斯康星州奥什科什的奥什科什防务公司授予了一份为期10年的合同,制造美国制造的新一代邮政递送车辆,这将推动美国邮政邮政车队30年来最戏剧性的现代化。”受此消息影响,2021年2月23日,主力木马价格下跌14.88美元,跌幅47%,并在盘后交易中继续下跌,第二天开盘报14.07美元。

If you purchased shares of Workhorse Group, Inc. (WKHS) between July 7, 2020 and February 23, 2021, you have until May 7, 2021, to ask the court to appoint you lead plaintiff for the class.

如果你在2020年7月7日至2021年2月23日期间购买了WorkHorse Group,Inc.的股票,你可以在2021年5月7日之前要求法院任命你为该类的首席原告。

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

所有的陈述都是在权变费用的基础上进行的。股东无需支付任何费用或开支。

Contact us to learn more:

联系我们了解更多信息:

Lauren Levi

劳伦·利维(Lauren Levi)

(800) 350-6003

(800) 350-6003

llevi@robbinsllp.com

邮箱:llevi@robbinsllp.com

Shareholder Information Form

股东信息表

Robbins LLP is a nationally recognized leader in shareholder rights law. To be notified if a class action against Workhorse Group, Inc. settles or to receive free alerts about company executives engaged in wrongdoing, sign up for Stock Watch today.

罗宾斯律师事务所(Robbins LLP)是全国公认的股东权利法领先者。如果针对工作马集团公司的集体诉讼达成和解,或收到有关公司高管从事不当行为的免费警报,请立即注册股票观察。

Attorney Advertising. Past results do not guarantee a similar outcome.

律师广告。过去的结果并不能保证会有类似的结果。

译文内容由第三方软件翻译。


以上内容仅用作资讯或教育之目的,不构成与富途相关的任何投资建议。富途竭力但不能保证上述全部内容的真实性、准确性和原创性。
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