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Dienstag, 05.04.2022 05:45 von | Aufrufe: 157

VLTA ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of May 31, 2022 in the Class Action Filed on Behalf of Volta Inc. Shareholders

In der Downing Street in London residieren die englischen Premierminister. pixabay.com

PR Newswire

NEW YORK, April 5, 2022 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Volta Inc. (NYSE: VLTA) alleging that the Company violated federal securities laws.

Class Period: August 2, 2021 to March 28, 2022
Lead Plaintiff Deadline: May 31, 2022
No obligation or cost to you.

Volta Inc. NEWS - VLTA NEWS

CLASS ACTION CASE DETAILS: The filed complaint alleges that Volta Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Volta had improperly accounted for restricted stock units issued in connection with the business combination of Volta Industries, Inc. ("Legacy Volta") and Tortoise Acquisition Corp. II; (2) as a result, the Company had understated its net loss for third quarter 2021; (3) there were material weaknesses in the Company's internal control over financial reporting that resulted in a material error; (4) as a result of the foregoing, the Company would restate its financial statements; (5) as a result of the foregoing, Legacy Volta's founders would imminently exit the Company; (6) as a result, the Company's financial results would be adversely impacted; and (7) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Volta you have until May 31, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you purchased Volta securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.


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HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the VLTA lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/volta-inc-loss-submission-form?id=25516&from=4 .

ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
www.kleinstocklaw.com

Cision View original content:https://www.prnewswire.com/news-releases/vlta-alert-the-klein-law-firm-announces-a-lead-plaintiff-deadline-of-may-31-2022-in-the-class-action-filed-on-behalf-of-volta-inc-shareholders-301517150.html

SOURCE The Klein Law Firm

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