{"id":470467,"date":"2021-04-03T13:41:09","date_gmt":"2021-04-03T17:41:09","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=470467"},"modified":"2021-04-03T13:41:09","modified_gmt":"2021-04-03T17:41:09","slug":"wkhs-equity-alert-kessler-topaz-meltzer-check-llp-announces-that-a-securities-fraud-class-action-lawsuit-was-filed-on-behalf-of-investors-of-workhorse-group-inc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/wkhs-equity-alert-kessler-topaz-meltzer-check-llp-announces-that-a-securities-fraud-class-action-lawsuit-was-filed-on-behalf-of-investors-of-workhorse-group-inc\/","title":{"rendered":"WKHS EQUITY ALERT: Kessler Topaz Meltzer &amp; Check, LLP Announces that a Securities Fraud Class Action Lawsuit was filed on Behalf of Investors of Workhorse Group Inc."},"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 3, 2021<\/span> \/PRNewswire\/ &#8212; The law firm of Kessler Topaz Meltzer &amp; Check, LLP reminds investors of Workhorse Group Inc. (NASDAQ: WKHS) (&#8220;Workhorse&#8221;) that a securities fraud class action lawsuit has been filed on behalf of those who purchased or acquired Workhorse securities <b><i>between <span class=\"xn-chron\">July 7, 2020<\/span> and <span class=\"xn-chron\">February 23, 2021<\/span><\/i><\/b>, inclusive (the &#8220;Class Period&#8221;).<\/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>\n        <b><br \/>\n          <i>Lead Plaintiff Deadline:\u00a0 <u><span class=\"xn-chron\">May 7, 2021<\/span><\/u><\/i><br \/>\n        <\/b>\n      <\/p>\n<p>\n        <b><br \/>\n          <i>Website:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/i><br \/>\n        <\/b><br \/>\n        <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3116187-1&amp;h=3962846295&amp;u=https%3A%2F%2Fwww.ktmc.com%2Fworkhorse-group-class-action-lawsuit%3Futm_source%3DPR%26utm_medium%3Dlink%26utm_campaign%3Dworkhorse&amp;a=https%3A%2F%2Fwww.ktmc.com%2Fworkhorse-group-class-action-lawsuit%3Futm_source%3DPR%26utm_medium%3Dlink%26utm_campaign%3Dworkhorse\" rel=\"nofollow noopener noreferrer\">https:\/\/www.ktmc.com\/workhorse-group-class-action-lawsuit?utm_source=PR&amp;utm_medium=link&amp;utm_campaign=workhorse<\/a><br \/>\n        <u> \u00a0<\/u>\n      <\/p>\n<p>\n        <b><br \/>\n          <i>Contact:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/i><br \/>\n          <span class=\"xn-person\">James Maro, Esq.<\/span> (484) 270-1453<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/b><br \/>\n        <b><br \/>\n          <span class=\"xn-person\">Adrienne Bell, Esq.<\/span> (484) 270-1435<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/b><br \/>\n        <b>Toll free (844) 887-9500<\/b>\n      <\/p>\n<p>Workhorse is a technology company engaged in the development and manufacturing of electric delivery vehicles.\u00a0In 2016, the United States Postal Service (&#8220;USPS&#8221;) announced the USPS Next Generation Delivery Vehicle (&#8220;NGDV&#8221;) project, a competitive multiyear acquisition process for replacing approximately 165,000 package delivery vehicles.\u00a0Workhorse was one of the companies vying for the NGDV contract, which was thought to be worth approximately <span class=\"xn-money\">$6.3 billion<\/span>.\u00a0 <\/p>\n<p>The complaint alleges that, throughout the Class Period, the defendants made false and\/or misleading statements and\/or failed to disclose that: (1) Workhorse was merely hoping that USPS was going to select an electric vehicle as its NGDV, and had no assurance or indication from USPS that this was the case; (2) Workhorse had concealed the fact that \u2013 as revealed by the postmaster general in explaining the ultimate decision not to select an electric vehicle \u2013 electrifying the USPS&#8217;s entire fleet would be impractical and astronomically expensive; and (3) as a result, the defendants&#8217; public statements were materially false and\/or misleading at all relevant times.<\/p>\n<p>Workhorse investors may, <b><i><u>no later than <span class=\"xn-chron\">May 7, 2021<\/span><\/u><\/i><\/b>, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer &amp; Check, LLP, or other counsel, or may choose to do nothing and remain an absent class member.\u00a0A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation.\u00a0In order to be appointed as a lead plaintiff, the Court must determine that the class member&#8217;s claim is typical of the claims of other class members, and that the class member will adequately represent the class.\u00a0Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.\u00a0 <\/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).\u00a0The complaint in this action was not filed by Kessler Topaz Meltzer &amp; Check, LLP. For more information about Kessler Topaz Meltzer &amp; Check, LLP please visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3116187-1&amp;h=1420857109&amp;u=http%3A%2F%2Fwww.ktmc.com%2F&amp;a=www.ktmc.com\" rel=\"nofollow noopener noreferrer\">www.ktmc.com<\/a>.<\/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 (toll free)<br \/><a target=\"_blank\" href=\"mailto:info@ktmc.com\" rel=\"nofollow noopener noreferrer\">info@ktmc.com<\/a><\/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=DC29323&amp;sd=2021-04-03\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/wkhs-equity-alert-kessler-topaz-meltzer--check-llp-announces-that-a-securities-fraud-class-action-lawsuit-was-filed-on-behalf-of-investors-of-workhorse-group-inc-301261198.html\">http:\/\/www.prnewswire.com\/news-releases\/wkhs-equity-alert-kessler-topaz-meltzer&#8211;check-llp-announces-that-a-securities-fraud-class-action-lawsuit-was-filed-on-behalf-of-investors-of-workhorse-group-inc-301261198.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=DC29323&amp;Transmission_Id=202104031338PR_NEWS_USPR_____DC29323&amp;DateId=20210403\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire RADNOR, Pa., April 3, 2021 \/PRNewswire\/ &#8212; The law firm of Kessler Topaz Meltzer &amp; Check, LLP reminds investors of Workhorse Group Inc. (NASDAQ: WKHS) (&#8220;Workhorse&#8221;) that a securities fraud class action lawsuit has been filed on behalf of those who purchased or acquired Workhorse securities between July 7, 2020 and February 23, 2021, inclusive (the &#8220;Class Period&#8221;). Lead Plaintiff Deadline:\u00a0 May 7, 2021 Website:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 https:\/\/www.ktmc.com\/workhorse-group-class-action-lawsuit?utm_source=PR&amp;utm_medium=link&amp;utm_campaign=workhorse \u00a0 Contact:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 James Maro, Esq. (484) 270-1453\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Adrienne Bell, Esq. (484) 270-1435\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Toll free (844) 887-9500 Workhorse is a technology company engaged in the development and manufacturing of electric delivery vehicles.\u00a0In 2016, the United States Postal Service (&#8220;USPS&#8221;) announced the USPS Next Generation Delivery Vehicle (&#8220;NGDV&#8221;) project, a competitive multiyear acquisition process &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/wkhs-equity-alert-kessler-topaz-meltzer-check-llp-announces-that-a-securities-fraud-class-action-lawsuit-was-filed-on-behalf-of-investors-of-workhorse-group-inc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;WKHS EQUITY ALERT: Kessler Topaz Meltzer &amp; Check, LLP Announces that a Securities Fraud Class Action Lawsuit was filed on Behalf of Investors of Workhorse Group Inc.&#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-470467","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>WKHS EQUITY ALERT: Kessler Topaz Meltzer &amp; Check, LLP Announces that a Securities Fraud Class Action Lawsuit was filed on Behalf of Investors of Workhorse Group Inc. - 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\/wkhs-equity-alert-kessler-topaz-meltzer-check-llp-announces-that-a-securities-fraud-class-action-lawsuit-was-filed-on-behalf-of-investors-of-workhorse-group-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WKHS EQUITY ALERT: Kessler Topaz Meltzer &amp; Check, LLP Announces that a Securities Fraud Class Action Lawsuit was filed on Behalf of Investors of Workhorse Group Inc. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire RADNOR, Pa., April 3, 2021 \/PRNewswire\/ &#8212; The law firm of Kessler Topaz Meltzer &amp; Check, LLP reminds investors of Workhorse Group Inc. (NASDAQ: WKHS) (&#8220;Workhorse&#8221;) that a securities fraud class action lawsuit has been filed on behalf of those who purchased or acquired Workhorse securities between July 7, 2020 and February 23, 2021, inclusive (the &#8220;Class Period&#8221;). Lead Plaintiff Deadline:\u00a0 May 7, 2021 Website:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 https:\/\/www.ktmc.com\/workhorse-group-class-action-lawsuit?utm_source=PR&amp;utm_medium=link&amp;utm_campaign=workhorse \u00a0 Contact:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 James Maro, Esq. (484) 270-1453\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Adrienne Bell, Esq. (484) 270-1435\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Toll free (844) 887-9500 Workhorse is a technology company engaged in the development and manufacturing of electric delivery vehicles.\u00a0In 2016, the United States Postal Service (&#8220;USPS&#8221;) announced the USPS Next Generation Delivery Vehicle (&#8220;NGDV&#8221;) project, a competitive multiyear acquisition process &hellip; Continue reading &quot;WKHS EQUITY ALERT: Kessler Topaz Meltzer &amp; Check, LLP Announces that a Securities Fraud Class Action Lawsuit was filed on Behalf of Investors of Workhorse Group Inc.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/wkhs-equity-alert-kessler-topaz-meltzer-check-llp-announces-that-a-securities-fraud-class-action-lawsuit-was-filed-on-behalf-of-investors-of-workhorse-group-inc\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-03T17:41:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/277422\/ktmc_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wkhs-equity-alert-kessler-topaz-meltzer-check-llp-announces-that-a-securities-fraud-class-action-lawsuit-was-filed-on-behalf-of-investors-of-workhorse-group-inc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wkhs-equity-alert-kessler-topaz-meltzer-check-llp-announces-that-a-securities-fraud-class-action-lawsuit-was-filed-on-behalf-of-investors-of-workhorse-group-inc\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"WKHS EQUITY ALERT: Kessler Topaz Meltzer &amp; 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(NASDAQ: WKHS) (&#8220;Workhorse&#8221;) that a securities fraud class action lawsuit has been filed on behalf of those who purchased or acquired Workhorse securities between July 7, 2020 and February 23, 2021, inclusive (the &#8220;Class Period&#8221;). Lead Plaintiff Deadline:\u00a0 May 7, 2021 Website:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 https:\/\/www.ktmc.com\/workhorse-group-class-action-lawsuit?utm_source=PR&amp;utm_medium=link&amp;utm_campaign=workhorse \u00a0 Contact:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 James Maro, Esq. (484) 270-1453\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Adrienne Bell, Esq. (484) 270-1435\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Toll free (844) 887-9500 Workhorse is a technology company engaged in the development and manufacturing of electric delivery vehicles.\u00a0In 2016, the United States Postal Service (&#8220;USPS&#8221;) announced the USPS Next Generation Delivery Vehicle (&#8220;NGDV&#8221;) project, a competitive multiyear acquisition process &hellip; Continue reading \"WKHS EQUITY ALERT: Kessler Topaz Meltzer &amp; Check, LLP Announces that a Securities Fraud Class Action Lawsuit was filed on Behalf of Investors of Workhorse Group Inc.\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/wkhs-equity-alert-kessler-topaz-meltzer-check-llp-announces-that-a-securities-fraud-class-action-lawsuit-was-filed-on-behalf-of-investors-of-workhorse-group-inc\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-03T17:41:09+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/277422\/ktmc_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wkhs-equity-alert-kessler-topaz-meltzer-check-llp-announces-that-a-securities-fraud-class-action-lawsuit-was-filed-on-behalf-of-investors-of-workhorse-group-inc\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wkhs-equity-alert-kessler-topaz-meltzer-check-llp-announces-that-a-securities-fraud-class-action-lawsuit-was-filed-on-behalf-of-investors-of-workhorse-group-inc\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"WKHS EQUITY ALERT: Kessler Topaz Meltzer &amp; 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