{"id":473715,"date":"2021-04-08T09:39:16","date_gmt":"2021-04-08T13:39:16","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=473715"},"modified":"2021-04-08T09:39:16","modified_gmt":"2021-04-08T13:39:16","slug":"hagens-berman-national-trial-attorneys-encourages-canoo-goev-investors-with-losses-to-contact-its-attorneys-now-securities-fraud-case-filed-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-canoo-goev-investors-with-losses-to-contact-its-attorneys-now-securities-fraud-case-filed-2\/","title":{"rendered":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Canoo (GOEV) Investors with Losses to Contact Its Attorneys Now, Securities Fraud Case Filed"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n SAN FRANCISCO<\/span>, April 8, 2021<\/span> \/PRNewswire\/ —\u00a0Hagens Berman urges Canoo Inc. f\/k\/a Hennessy Capital Acquisition Corp. IV (NASDAQ: GOEV)\u00a0investors with significant losses to submit your losses now<\/a>.\u00a0A securities fraud class action has been filed and certain investors may have valuable claims. <\/p>\n

\n

\n
\n \"Hagens
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n Class Period: <\/b>
\n Aug. 18, 2020<\/span> \u2013 Mar. 29, 2021<\/span>
Lead Plaintiff Deadline: <\/b>June 1, 2021<\/span>
Visit:<\/b>\u00a0www.hbsslaw.com\/investor-fraud\/GOEV<\/a>
Contact An Attorney Now:<\/b>\u00a0GOEV@hbsslaw.com<\/a>\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\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0844-916-0895<\/b><\/p>\n

\n Canoo Inc. (NASDAQ: GOEV) Securities Fraud Class Action: <\/b>\n <\/p>\n

The complaint alleges Canoo misled investors before and after going public through a SPAC closing on Dec. 21, 2020<\/span>.<\/p>\n

Specifically, Defendants repeatedly touted a three-pronged strategy to generate revenue and growth: (i) an engineering services segment; (ii) the sales of subscriptions of vehicles to consumers; and (iii) the sale of vehicles to other businesses. Canoo also emphasized its agreements with established OEMs, including with Hyundai for the co-development of a future EV platform <\/p>\n

In truth, defendants concealed that Canoo (1) had decreased its focus on its plan to sell vehicles to consumers through a subscription model; (2) would de-emphasize its engineering services business; and (3) did not have partnerships with OEMs and no longer engaged in the previously announced partnership with Hyundai.<\/p>\n

On Mar. 29, 2021<\/span>, the truth emerged when Canoo abruptly announced its CFO was being replaced, that it would deemphasize its engineering services business, would no longer focus on subscription sales to consumers, and try to make and sell its own vehicles to commercial operators.\u00a0Moreover, on a call with investors, Canoo’s Chairman characterized senior management’s statements concerning the company’s partnerships as “aggressive” and that “they weren’t at our standard of representation to the public markets.”\u00a0<\/p>\n

In response to this news, analyst Roth Capital downgraded the company’s shares from buy to neutral buy and slashed its price target, and the price of Canoo shares crashed.<\/p>\n

“We’re focused on investors’ losses and proving defendants intentionally misrepresented the viability of Canoo’s business model and business partnerships,” said Reed Kathrein<\/span>, the Hagens Berman partner leading the investigation. <\/p>\n

If you are a Canoo\u00a0investor and have significant losses, or have knowledge that may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman<\/a>.<\/p>\n

\n Whistleblowers: <\/b>Persons with non-public information regarding Canoo should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein<\/span> at 844-916-0895<\/b> or email GOEV@hbsslaw.com<\/a>.<\/p>\n

\n
\n About Hagens Berman<\/a>
\n <\/u>
\n
Hagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys.\u00a0The firm represents investors, whistleblowers, workers and consumers in complex litigation.\u00a0More about the firm and its successes is located at hbsslaw.com<\/a>. For the latest news visit our newsroom<\/a><\/u> or follow us on Twitter at @classactionlaw<\/a><\/u>.<\/p>\n

\n Contact:
<\/u>
\n Reed Kathrein<\/span>, 844-916-0895<\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/hagens-berman-national-trial-attorneys-encourages-canoo-goev-investors-with-losses-to-contact-its-attorneys-now-securities-fraud-case-filed-301264962.html<\/a><\/p>\n

SOURCE Hagens Berman Sobol Shapiro LLP<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire SAN FRANCISCO, April 8, 2021 \/PRNewswire\/ —\u00a0Hagens Berman urges Canoo Inc. f\/k\/a Hennessy Capital Acquisition Corp. IV (NASDAQ: GOEV)\u00a0investors with significant losses to submit your losses now.\u00a0A securities fraud class action has been filed and certain investors may have valuable claims. Class Period: Aug. 18, 2020 \u2013 Mar. 29, 2021Lead Plaintiff Deadline: June 1, 2021Visit:\u00a0www.hbsslaw.com\/investor-fraud\/GOEVContact An Attorney Now:\u00a0GOEV@hbsslaw.com\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\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0844-916-0895 Canoo Inc. (NASDAQ: GOEV) Securities Fraud Class Action: The complaint alleges Canoo misled investors before and after going public through a SPAC closing on Dec. 21, 2020. Specifically, Defendants repeatedly touted a three-pronged strategy to generate revenue and growth: (i) an engineering services segment; (ii) the sales of subscriptions of vehicles to consumers; and (iii) the sale of vehicles to … <\/p>\n

Continue reading “HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Canoo (GOEV) Investors with Losses to Contact Its Attorneys Now, Securities Fraud Case Filed”<\/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-473715","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nHAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Canoo (GOEV) Investors with Losses to Contact Its Attorneys Now, Securities Fraud Case Filed - 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\/hagens-berman-national-trial-attorneys-encourages-canoo-goev-investors-with-losses-to-contact-its-attorneys-now-securities-fraud-case-filed-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Canoo (GOEV) Investors with Losses to Contact Its Attorneys Now, Securities Fraud Case Filed - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SAN FRANCISCO, April 8, 2021 \/PRNewswire\/ —\u00a0Hagens Berman urges Canoo Inc. f\/k\/a Hennessy Capital Acquisition Corp. IV (NASDAQ: GOEV)\u00a0investors with significant losses to submit your losses now.\u00a0A securities fraud class action has been filed and certain investors may have valuable claims. Class Period: Aug. 18, 2020 \u2013 Mar. 29, 2021Lead Plaintiff Deadline: June 1, 2021Visit:\u00a0www.hbsslaw.com\/investor-fraud\/GOEVContact An Attorney Now:\u00a0GOEV@hbsslaw.com\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\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0844-916-0895 Canoo Inc. (NASDAQ: GOEV) Securities Fraud Class Action: The complaint alleges Canoo misled investors before and after going public through a SPAC closing on Dec. 21, 2020. 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IV (NASDAQ: GOEV)\u00a0investors with significant losses to submit your losses now.\u00a0A securities fraud class action has been filed and certain investors may have valuable claims. Class Period: Aug. 18, 2020 \u2013 Mar. 29, 2021Lead Plaintiff Deadline: June 1, 2021Visit:\u00a0www.hbsslaw.com\/investor-fraud\/GOEVContact An Attorney Now:\u00a0GOEV@hbsslaw.com\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\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0844-916-0895 Canoo Inc. (NASDAQ: GOEV) Securities Fraud Class Action: The complaint alleges Canoo misled investors before and after going public through a SPAC closing on Dec. 21, 2020. Specifically, Defendants repeatedly touted a three-pronged strategy to generate revenue and growth: (i) an engineering services segment; (ii) the sales of subscriptions of vehicles to consumers; and (iii) the sale of vehicles to … Continue reading \"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Canoo (GOEV) Investors with Losses to Contact Its Attorneys Now, Securities Fraud Case Filed\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-canoo-goev-investors-with-losses-to-contact-its-attorneys-now-securities-fraud-case-filed-2\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-08T13:39:16+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/450112\/Hagens_Berman_Sobol_Shapiro_LLP_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\/hagens-berman-national-trial-attorneys-encourages-canoo-goev-investors-with-losses-to-contact-its-attorneys-now-securities-fraud-case-filed-2\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-canoo-goev-investors-with-losses-to-contact-its-attorneys-now-securities-fraud-case-filed-2\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Canoo (GOEV) Investors with Losses to Contact Its Attorneys Now, Securities Fraud Case Filed","datePublished":"2021-04-08T13:39:16+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-canoo-goev-investors-with-losses-to-contact-its-attorneys-now-securities-fraud-case-filed-2\/"},"wordCount":521,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-canoo-goev-investors-with-losses-to-contact-its-attorneys-now-securities-fraud-case-filed-2\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/450112\/Hagens_Berman_Sobol_Shapiro_LLP_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-canoo-goev-investors-with-losses-to-contact-its-attorneys-now-securities-fraud-case-filed-2\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-canoo-goev-investors-with-losses-to-contact-its-attorneys-now-securities-fraud-case-filed-2\/","name":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Canoo (GOEV) Investors with Losses to Contact Its Attorneys Now, Securities Fraud Case Filed - 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