{"id":470287,"date":"2021-04-01T20:38:31","date_gmt":"2021-04-02T00:38:31","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=470287"},"modified":"2021-04-01T20:38:31","modified_gmt":"2021-04-02T00:38:31","slug":"kessler-topaz-meltzer-check-llp-is-investigating-potential-securities-fraud-claims-against-canoo-inc-goev-on-behalf-of-investors","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/kessler-topaz-meltzer-check-llp-is-investigating-potential-securities-fraud-claims-against-canoo-inc-goev-on-behalf-of-investors\/","title":{"rendered":"Kessler Topaz Meltzer &amp; Check, LLP is Investigating Potential Securities Fraud Claims Against Canoo Inc. (GOEV) on Behalf of Investors"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">RADNOR, Pa.<\/span>, <span class=\"xn-chron\">April 1, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0The law firm of Kessler Topaz Meltzer &amp; Check, LLP is currently investigating potential violations of the federal securities laws on behalf of shareholders of Canoo Inc. (&#8220;Canoo&#8221;) (NASDAQ: GOEV).<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/277422\/ktmc_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/277422\/ktmc_Logo.jpg\" title=\"KTMC (PRNewsFoto\/Kessler Topaz Meltzer &amp; Check)\" alt=\"KTMC (PRNewsFoto\/Kessler Topaz Meltzer &amp; Check)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>Canoo is a manufacturer of electric vehicles. On <span class=\"xn-chron\">March 29, 2021<\/span>, Canoo issued a press release announcing its fourth quarter and full year 2020 financial results, reporting a net loss of <span class=\"xn-money\">$89.9 million<\/span> for the year. Canoo also announced that its Chief Financial Officer, <span class=\"xn-person\">Paul Balciunas<\/span>, notified Canoo of his intention to resign. <\/p>\n<p>The same day, The Verge released an article entitled &#8220;Canoo&#8217;s deal with Hyundai appears dead: The startup&#8217;s also changed its tune on selling EV tech to big companies.&#8221; The article stated in part that &#8220;[w]hen pressed on the startup&#8217;s previous claims,&#8221; the current chairman pointed to its prior leadership and said &#8220;they were a little more aggressive&#8221; and &#8220;that talk of potential partnerships was &#8216;presumptuous.'&#8221; The article also stated that &#8220;Canoo quietly uploaded a new investor presentation to its investor relations website on Monday that no longer mentions Hyundai.&#8221; <\/p>\n<p>Following this news, the price of Canoo&#8217;s common stock fell approximately 21.2%, down from its <span class=\"xn-chron\">March 29, 2021<\/span> closing price of <span class=\"xn-money\">$11.80<\/span> to a <span class=\"xn-chron\">March 30, 2021<\/span> close of <span class=\"xn-money\">$9.30<\/span>.<\/p>\n<p>\n        <i><br \/>\n          <b>If you are a Canoo investor and would like to learn more about our investigation, please contact Kessler Topaz Meltzer &amp; Check, LLP: <span class=\"xn-person\">James Maro, Esq.<\/span> (484) 270-1453 or <span class=\"xn-person\">Adrienne Bell, Esq.<\/span> (484) 270-1435; toll free at (844) 887-9500; via e-mail at <\/b><br \/>\n          <a target=\"_blank\" href=\"mailto:info@ktmc.com\" rel=\"nofollow noopener noreferrer\">info@ktmc.com<\/a>;<b>\u00a0or please visit<\/b><\/i><br \/>\n        <b><br \/>\n          <i>the following link<\/i><br \/>\n        <\/b><br \/>\n        <b><br \/>\n          <i>to fill out our online form<\/i><br \/>\n        <\/b><br \/>\n        <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3117408-1&amp;h=4216661783&amp;u=http%3A%2F%2Fwww.ktmc.com%2Fcanoo-inc-investigation%3Futm_source%3DPR%26utm_medium%3Dlink%26utm_campaign%3Dcanoo&amp;a=http%3A%2F%2Fwww.ktmc.com%2Fcanoo-inc-investigation%3Futm_source%3DPR%26utm_medium%3Dlink%26utm_campaign%3Dcanoo\" rel=\"nofollow noopener noreferrer\">http:\/\/www.ktmc.com\/canoo-inc-investigation?utm_source=PR&amp;utm_medium=link&amp;utm_campaign=canoo<\/a>. <\/p>\n<p>Kessler Topaz Meltzer &amp; Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer &amp; Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from <span class=\"xn-location\">the United States<\/span> and around the world.\u00a0The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). For more information about Kessler Topaz Meltzer &amp; Check, LLP, please visit <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3117408-1&amp;h=1097097032&amp;u=http%3A%2F%2Fwww.ktmc.com%2F&amp;a=www.ktmc.com\" rel=\"nofollow noopener noreferrer\">www.ktmc.com<\/a><\/u>.<\/p>\n<p>CONTACT:<br \/>Kessler Topaz Meltzer &amp; Check, LLP<br \/><span class=\"xn-person\">James Maro, Jr., Esq.<\/span><br \/><span class=\"xn-person\">Adrienne Bell, Esq.<\/span><br \/>280 King of Prussia Road<br \/><span class=\"xn-location\">Radnor, PA<\/span> 19087<br \/>(844) 887-9500<br \/><u><a target=\"_blank\" href=\"mailto:info@ktmc.com\" rel=\"nofollow noopener noreferrer\">info@ktmc.com<\/a><\/u><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DC30603&amp;sd=2021-04-01\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/kessler-topaz-meltzer--check-llp-is-investigating-potential-securities-fraud-claims-against-canoo-inc-goev-on-behalf-of-investors-301261105.html\">http:\/\/www.prnewswire.com\/news-releases\/kessler-topaz-meltzer&#8211;check-llp-is-investigating-potential-securities-fraud-claims-against-canoo-inc-goev-on-behalf-of-investors-301261105.html<\/a><\/p>\n<p>SOURCE  Kessler Topaz Meltzer &amp; Check, LLP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DC30603&amp;Transmission_Id=202104012035PR_NEWS_USPR_____DC30603&amp;DateId=20210401\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire RADNOR, Pa., April 1, 2021 \/PRNewswire\/ &#8212;\u00a0The law firm of Kessler Topaz Meltzer &amp; Check, LLP is currently investigating potential violations of the federal securities laws on behalf of shareholders of Canoo Inc. (&#8220;Canoo&#8221;) (NASDAQ: GOEV). Canoo is a manufacturer of electric vehicles. On March 29, 2021, Canoo issued a press release announcing its fourth quarter and full year 2020 financial results, reporting a net loss of $89.9 million for the year. Canoo also announced that its Chief Financial Officer, Paul Balciunas, notified Canoo of his intention to resign. The same day, The Verge released an article entitled &#8220;Canoo&#8217;s deal with Hyundai appears dead: The startup&#8217;s also changed its tune on selling EV tech to big companies.&#8221; The &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kessler-topaz-meltzer-check-llp-is-investigating-potential-securities-fraud-claims-against-canoo-inc-goev-on-behalf-of-investors\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Kessler Topaz Meltzer &amp; Check, LLP is Investigating Potential Securities Fraud Claims Against Canoo Inc. (GOEV) on Behalf of Investors&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-470287","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kessler Topaz Meltzer &amp; Check, LLP is Investigating Potential Securities Fraud Claims Against Canoo Inc. (GOEV) on Behalf of Investors - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kessler-topaz-meltzer-check-llp-is-investigating-potential-securities-fraud-claims-against-canoo-inc-goev-on-behalf-of-investors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kessler Topaz Meltzer &amp; Check, LLP is Investigating Potential Securities Fraud Claims Against Canoo Inc. (GOEV) on Behalf of Investors - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire RADNOR, Pa., April 1, 2021 \/PRNewswire\/ &#8212;\u00a0The law firm of Kessler Topaz Meltzer &amp; Check, LLP is currently investigating potential violations of the federal securities laws on behalf of shareholders of Canoo Inc. (&#8220;Canoo&#8221;) (NASDAQ: GOEV). Canoo is a manufacturer of electric vehicles. On March 29, 2021, Canoo issued a press release announcing its fourth quarter and full year 2020 financial results, reporting a net loss of $89.9 million for the year. Canoo also announced that its Chief Financial Officer, Paul Balciunas, notified Canoo of his intention to resign. The same day, The Verge released an article entitled &#8220;Canoo&#8217;s deal with Hyundai appears dead: The startup&#8217;s also changed its tune on selling EV tech to big companies.&#8221; The &hellip; Continue reading &quot;Kessler Topaz Meltzer &amp; Check, LLP is Investigating Potential Securities Fraud Claims Against Canoo Inc. 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