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ROSEN, RESPECTED INVESTOR COUNSEL, Encourages Canoo Inc. Investors with Losses in Excess of ...

April 2, 2021 GMT

NEW YORK, April 01, 2021 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Canoo Inc. (NASDAQ: GOEV) resulting from allegations that Canoo may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Canoo securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law firm is preparing a class action seeking recovery of investor losses.

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WHAT TO DO NEXT: To join the prospective class action, go to http://www.rosenlegal.com/cases-register-2067.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

WHAT IS THIS ABOUT: On March 29, 2021, The Verge  published an article entitled “Canoo’s deal with Hyundai appears dead: The startup’s [sic] also changed its tune on selling EV tech to big companies”. The article stated that “Canoo chairman [] shared the news Monday during an icy investor call — Canoo’s first as a publicly-traded company.” The article further stated that “[w]hen pressed on the startup’s previous claims” the current chairman “pointed to its prior leadership” and “that talk of potential partnerships was ‘presumptuous.’” Finally, the article noted that “Canoo quietly uploaded a new investor presentation to its investor relations website on Monday that no longer mentions Hyundai.”

On this news, Canoo’s share price fell $2.50 per share, or over 21%, to close at $9.30 per share on March 30, 2021, damaging investors.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience or resources. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020 founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

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Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

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

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Contact Information:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686-1060
        Toll Free: (866) 767-3653
        Fax: (212) 202-3827
         lrosen@rosenlegal.com
         pkim@rosenlegal.com
         cases@rosenlegal.com
         www.rosenlegal.com