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NEW ORLEANS–(BUSINESS WIRE)–Former Legal professional Normal of Louisiana, Charles C. Foti, Jr., Esq., a accomplice on the regulation agency of Kahn Swick & Foti, LLC (“KSF”), proclaims that KSF continues its investigation into Canoo Inc. (NasdaqGS: GOEV, GOEVW) f/okay/a Hennessy Capital Acquisition Corp. IV.
On or about December 21, 2020, Canoo Holdings turned a public entity through merger with Hennessy Capital, with the surviving entity named “Canoo.” On March 29, 2021, post-market, the Firm introduced its 4Q2020 and full yr monetary outcomes, disclosing vital modifications to its enterprise mannequin, beforehand touted by the Firm to traders, deemphasizing its engineering companies enterprise and now not specializing in its subscription-based enterprise.
Thereafter, the Firm and sure of its executives have been sued in a securities class motion lawsuit, charging them with failing to reveal materials info through the Class Interval, violating federal securities legal guidelines, which stays ongoing.
KSF’s investigation is specializing in whether or not Canoo’s officers and/or administrators breached their fiduciary duties to Canoo’s shareholders or in any other case violated state or federal legal guidelines.
When you have info that might help KSF in its investigation, or have been a long-term holder of Canoo shares and wish to focus on your authorized rights, chances are you’ll, with out obligation or price to you, name toll-free at 1-877-515-1850 or e-mail KSF Managing Accomplice Lewis Kahn ([email protected]), or go to https://www.ksfcounsel.com/circumstances/nasdaqgs-goev/ to study extra.
About Kahn Swick & Foti, LLC
KSF, whose companions embrace former Louisiana Legal professional Normal Charles C. Foti, Jr., is among the nation’s premier boutique securities litigation regulation corporations. KSF serves quite a lot of purchasers – together with public institutional traders, hedge funds, cash managers and retail traders – in looking for to get well funding losses as a result of company fraud and malfeasance by publicly traded firms. KSF has workplaces in New York, California, Louisiana and New Jersey.
To study extra about KSF, chances are you’ll go to www.ksfcounsel.com.
Contacts
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Accomplice
[email protected]
1-877-515-1850
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