{"id":499752,"date":"2021-05-28T09:38:09","date_gmt":"2021-05-28T13:38:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-encourages-romeo-power-rmo-investors-with-losses-to-contact-the-firm-now-june-15th-deadline-approaching-in-securities-fraud-lawsuit\/"},"modified":"2021-05-28T09:38:09","modified_gmt":"2021-05-28T13:38:09","slug":"hagens-berman-encourages-romeo-power-rmo-investors-with-losses-to-contact-the-firm-now-june-15th-deadline-approaching-in-securities-fraud-lawsuit","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-encourages-romeo-power-rmo-investors-with-losses-to-contact-the-firm-now-june-15th-deadline-approaching-in-securities-fraud-lawsuit\/","title":{"rendered":"HAGENS BERMAN Encourages Romeo Power (RMO) Investors with Losses to Contact the Firm Now, June 15th Deadline Approaching in Securities Fraud Lawsuit"},"content":{"rendered":"
\n

SAN FRANCISCO, May 28, 2021 (GLOBE NEWSWIRE) — Hagens Berman urges Romeo Power, Inc. (NYSE: RMO) <\/strong>investors with significant losses to submit your losses now<\/a>. A securities class action has been filed and certain investors may have valuable claims.\u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/p>\n\n\n\n\n\n\n
\n Class Period: <\/strong>Oct. 5, 2020 – Mar. 30, 2021<\/td>\n<\/tr>\n
\n Lead Plaintiff Deadline: <\/strong>June 15, 2021<\/td>\n<\/tr>\n
\n Visit:<\/strong>
\n http:\/\/www.hbsslaw.com\/cases\/RMO<\/a>\n <\/td>\n<\/tr>\n
\n Contact An Attorney Now:\u00a0<\/strong>\n <\/td>\n\n RMO@hbsslaw.com<\/a>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n 844-916-0895<\/strong>\n <\/td>\n<\/tr>\n<\/table>\n

\n Romeo Power, Inc. (NYSE: RMO) Securities Fraud Action:<\/strong>\n <\/p>\n

The complaint centers on Romeo\u2019s misrepresentations and omissions concerning its access to battery cells, a key component of the company\u2019s battery modules and packs.<\/p>\n

During the class period, Romeo emphasized the company\u2019s 4 key battery cell supply partners, which in turn eliminated supply chain risks and support its lofty revenue projections ($11 million for 2020 and $140 million for 2021). The company repeatedly assured investors it had sufficient long-term contracts to supply enough battery cells even in the face of the tight supply.<\/p>\n

But the truth emerged on Mar. 30, 2021, when Romeo released a dismal outlook for 2021, reducing its 2021 guided revenues by a whopping 71% \u2013 81%, claiming the shortfall stemmed from a shortage of battery cells. On an earnings call later that same day, management elaborated on the supply constraint, admitting that Romeo depended on just 2 (not 4, as previously touted) battery cell suppliers.<\/p>\n

In response to this news, Romeo shares declined $2.04 per share, or almost 20%, in a single trading day.<\/p>\n

\n Most recently, on May 13, 2021, the company announced just $1.045 million revenues for Q1 2021. This was a 58% drop from Q1 2020 and a tiny fraction of the $18 – $40 million 2021 revenue guidance given on Mar. 30, 2021. Management noted the company is still looking for battery cell suppliers.<\/strong>\n <\/p>\n

\u201cWe\u2019re focused on investors\u2019 losses and proving Romeo concealed supply chain risks,\u201d said Reed Kathrein, the Hagens Berman partner leading the investigation.<\/p>\n

If you are a Romeo Power investor and have significant losses, or have knowledge that may assist the firm\u2019s investigation, click here to discuss your legal rights with Hagens Berman<\/a>.<\/p>\n

\n Whistleblowers: <\/strong>Persons with non-public information regarding Romeo Power 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 at 844-916-0895<\/strong> or email RMO@hbsslaw.com<\/a>.<\/p>\n

\n
\n About Hagens Berman<\/u>
\n <\/a>
\n
Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation.\u00a0\u00a0 More about the firm and its successes is located at hbsslaw.com<\/a>. For the latest news visit our newsroom<\/u><\/a> or follow us on Twitter at @classactionlaw<\/u><\/a>.<\/p>\n

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


\n
\n \n <\/div>\n

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

SAN FRANCISCO, May 28, 2021 (GLOBE NEWSWIRE) — Hagens Berman urges Romeo Power, Inc. (NYSE: RMO) investors with significant losses to submit your losses now. A securities class action has been filed and certain investors may have valuable claims.\u00a0 \u00a0 \u00a0 \u00a0\u00a0 Class Period: Oct. 5, 2020 – Mar. 30, 2021 Lead Plaintiff Deadline: June 15, 2021 Visit: http:\/\/www.hbsslaw.com\/cases\/RMO Contact An Attorney Now:\u00a0 RMO@hbsslaw.com \u00a0 844-916-0895 Romeo Power, Inc. (NYSE: RMO) Securities Fraud Action: The complaint centers on Romeo\u2019s misrepresentations and omissions concerning its access to battery cells, a key component of the company\u2019s battery modules and packs. During the class period, Romeo emphasized the company\u2019s 4 key battery cell supply partners, which in turn eliminated supply chain risks and … <\/p>\n

Continue reading “HAGENS BERMAN Encourages Romeo Power (RMO) Investors with Losses to Contact the Firm Now, June 15th Deadline Approaching in Securities Fraud Lawsuit”<\/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-499752","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nHAGENS BERMAN Encourages Romeo Power (RMO) Investors with Losses to Contact the Firm Now, June 15th Deadline Approaching in Securities Fraud Lawsuit - 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-encourages-romeo-power-rmo-investors-with-losses-to-contact-the-firm-now-june-15th-deadline-approaching-in-securities-fraud-lawsuit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HAGENS BERMAN Encourages Romeo Power (RMO) Investors with Losses to Contact the Firm Now, June 15th Deadline Approaching in Securities Fraud Lawsuit - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SAN FRANCISCO, May 28, 2021 (GLOBE NEWSWIRE) — Hagens Berman urges Romeo Power, Inc. 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During the class period, Romeo emphasized the company\u2019s 4 key battery cell supply partners, which in turn eliminated supply chain risks and … Continue reading "HAGENS BERMAN Encourages Romeo Power (RMO) Investors with Losses to Contact the Firm Now, June 15th Deadline Approaching in Securities Fraud Lawsuit"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-encourages-romeo-power-rmo-investors-with-losses-to-contact-the-firm-now-june-15th-deadline-approaching-in-securities-fraud-lawsuit\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-28T13:38:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI0NDg4MyM0MjA2NzcwIzIwMTg1MzI=\" \/>\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=\"2 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\\\/hagens-berman-encourages-romeo-power-rmo-investors-with-losses-to-contact-the-firm-now-june-15th-deadline-approaching-in-securities-fraud-lawsuit\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-encourages-romeo-power-rmo-investors-with-losses-to-contact-the-firm-now-june-15th-deadline-approaching-in-securities-fraud-lawsuit\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"HAGENS BERMAN Encourages Romeo Power (RMO) Investors with Losses to Contact the Firm Now, June 15th Deadline Approaching in Securities Fraud Lawsuit\",\"datePublished\":\"2021-05-28T13:38:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-encourages-romeo-power-rmo-investors-with-losses-to-contact-the-firm-now-june-15th-deadline-approaching-in-securities-fraud-lawsuit\\\/\"},\"wordCount\":470,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-encourages-romeo-power-rmo-investors-with-losses-to-contact-the-firm-now-june-15th-deadline-approaching-in-securities-fraud-lawsuit\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODI0NDg4MyM0MjA2NzcwIzIwMTg1MzI=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-encourages-romeo-power-rmo-investors-with-losses-to-contact-the-firm-now-june-15th-deadline-approaching-in-securities-fraud-lawsuit\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-encourages-romeo-power-rmo-investors-with-losses-to-contact-the-firm-now-june-15th-deadline-approaching-in-securities-fraud-lawsuit\\\/\",\"name\":\"HAGENS BERMAN Encourages Romeo Power (RMO) Investors with Losses to Contact the Firm Now, June 15th Deadline Approaching in Securities Fraud Lawsuit - 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(NYSE: RMO) investors with significant losses to submit your losses now. A securities class action has been filed and certain investors may have valuable claims.\u00a0 \u00a0 \u00a0 \u00a0\u00a0 Class Period: Oct. 5, 2020 – Mar. 30, 2021 Lead Plaintiff Deadline: June 15, 2021 Visit: http:\/\/www.hbsslaw.com\/cases\/RMO Contact An Attorney Now:\u00a0 RMO@hbsslaw.com \u00a0 844-916-0895 Romeo Power, Inc. (NYSE: RMO) Securities Fraud Action: The complaint centers on Romeo\u2019s misrepresentations and omissions concerning its access to battery cells, a key component of the company\u2019s battery modules and packs. During the class period, Romeo emphasized the company\u2019s 4 key battery cell supply partners, which in turn eliminated supply chain risks and … Continue reading \"HAGENS BERMAN Encourages Romeo Power (RMO) Investors with Losses to Contact the Firm Now, June 15th Deadline Approaching in Securities Fraud Lawsuit\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-encourages-romeo-power-rmo-investors-with-losses-to-contact-the-firm-now-june-15th-deadline-approaching-in-securities-fraud-lawsuit\/","og_site_name":"Market Newsdesk","article_published_time":"2021-05-28T13:38:09+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI0NDg4MyM0MjA2NzcwIzIwMTg1MzI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-encourages-romeo-power-rmo-investors-with-losses-to-contact-the-firm-now-june-15th-deadline-approaching-in-securities-fraud-lawsuit\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-encourages-romeo-power-rmo-investors-with-losses-to-contact-the-firm-now-june-15th-deadline-approaching-in-securities-fraud-lawsuit\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"HAGENS BERMAN Encourages Romeo Power (RMO) Investors with Losses to Contact the Firm Now, June 15th Deadline Approaching in Securities Fraud Lawsuit","datePublished":"2021-05-28T13:38:09+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-encourages-romeo-power-rmo-investors-with-losses-to-contact-the-firm-now-june-15th-deadline-approaching-in-securities-fraud-lawsuit\/"},"wordCount":470,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-encourages-romeo-power-rmo-investors-with-losses-to-contact-the-firm-now-june-15th-deadline-approaching-in-securities-fraud-lawsuit\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI0NDg4MyM0MjA2NzcwIzIwMTg1MzI=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-encourages-romeo-power-rmo-investors-with-losses-to-contact-the-firm-now-june-15th-deadline-approaching-in-securities-fraud-lawsuit\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-encourages-romeo-power-rmo-investors-with-losses-to-contact-the-firm-now-june-15th-deadline-approaching-in-securities-fraud-lawsuit\/","name":"HAGENS BERMAN Encourages Romeo Power (RMO) Investors with Losses to Contact the Firm Now, June 15th Deadline Approaching in Securities Fraud Lawsuit - 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