ROSEN, A LONG-TERM LAW FIRM, Encourages Northern Genesis Acquisition Corp. n/k/a Investors of Simba Electric Company to obtain Lawyers in Securities Risk Actions.

NEW YORK, April 13, 2024 /PRNewswire/ —

WHY: The Rosen Law Firm, an international investor rights firm, announces the filing of a class action lawsuit on behalf of holders of common stock of Northern Genesis Acquisition Corp. n/k/a The Lion Electric Company (NYSE: thatLEV) as the reference date of March 18, 2021 by merging with the then Simba Electricity Company. A class action lawsuit has already been filed. If you want to serve as the main plaintiff, you must move the Court no later June 10, 2024.

SO: If you owned Northern Genesis common stock as of the record date of March 18, 2021 by connecting with The Lion Electric Private Company at that time, you may be entitled to be reimbursed free of any out-of-pocket fees or expenses through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Northern Genesis class action, go to https://rosenlegal.com/submit-form/?case_id=23699 or call Phillip Kim, Esq. toll free at 866-767-3653 or email (email protected) for information on class action. A class action lawsuit has already been filed. If you want to serve as the main plaintiff, you must move the Court no later June 10, 2024. The lead plaintiff is the representative party acting on behalf of the other class members in conducting the litigation.

WHY ROSEN’S LAW: We encourage investors to select qualified advisors with a track record of success in leadership roles. In many cases, notifying companies do not have the experience, resources or any meaningful peer recognition. Be wise in choosing counsel. The Rosen Law Firm represents investors worldwide, focusing its practice in securities class actions and shareholder litigation. The Rosen Law Firm has secured the largest settlement of a securities action against a Chinese Company. Rosen Law Firm was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action payouts in 2017. The firm has been in the top four every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company was successful 438 million dollars for investors. In 2020, founding partner Laurence Rosen was named by law360 as the Titan of Plaintiffs’ Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.

CASE DETAILS: According to the indictment, the defendants: (1) used fraudulent statements of “risk source” assets to hide the truth about the problems facing the then-Legacy Lion Electric Company (“Legacy Lion Electric”), including the problems of supply and its suppliers and small companies. -suppliers; (2) misled Northern Genesis Acquisition Corp.’s (“NGA”) shareholders about Legacy Lion Electric’s prospects by using unrealistic financial projections; and (3) failed to provide NGA shareholders with the “real cash” value of their shares – an important disclosure about the underlying purchasing power that their NGA shares represent. When the true information entered the market, the lawsuit alleges that investors suffered damages.

To join the Northern Genesis class action, go to https://rosenlegal.com/submit-form/?case_id=23699 or call Phillip Kim, Esq. toll free at 866-767-3653 or email (email protected) for information on class action.

No Class Confirmed. Until the class is certified, you will not be represented by an attorney unless you retain one. You can choose the advice of your choice. You can also remain an absent class member and do nothing at this time. The investor’s ability to participate in any possible future recovery is not dependent on serving as the lead plaintiff.

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Contact Details:

Laurence Rosen, Esq.
Phillip Kim, Esq.
Rosen Law Firm, PA
275 Madison Avenue, 40th Floor
New York, NY 10016
Phone: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
(email protected)
www.rosenlegal.com

SOURCE ROSEN LAW FIRM, PA