Rivian Automotive Inc. (RIVN)

Investigation

Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Rivian Automotive, Inc. (“Rivian” or the “Company) (NASDAQ: RIVN). Investors who purchased Rivian securities are encouraged to obtain additional information and assist the investigation.         

 

The investigation concerns whether Rivian violated federal securities laws.

 

On October 7, 2022, Rivian issued a recall of approximately 13,000 vehicles after identifying a problem with the affected vehicles’ steering system.  Rivian stated that a fastener connecting the upper control arm and steering knuckle may have been installed incorrectly, which created a risk of that the vehicles could become more difficult to control, raising the risk of a crash.  On this news, Rivian’s stock price fell $2.47 per share, or 7.28%, to close at $31.48 per share on October 10, 2022.

 

If you are aware of any facts relating to this investigation or purchased Rivian shares, you can assist this investigation. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

 

Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits.  The firm has recovered hundreds of millions of dollars for investors nationwide.  Attorney advertising. Prior results do not guarantee similar outcomes.