EV Maker Rivian Rips Investors' Class Cert. Bid In Fraud Suit

By Linda Chiem (March 1, 2024, 10:18 PM EST) -- Investors alleging Rivian Automotive Inc. underpriced its electric vehicles and misrepresented its profitability ahead of a blockbuster 2021 initial public offering cannot certify their class with zero evidence, weak fraud-on-the-market theories and troubling litigation tactics, Rivian argued in a California federal court filing Thursday....

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