The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Volta Inc. (NYSE: VLTA) alleging that the Company violated federal securities laws.
Class Period: August 2, 2021 to March 28, 2022Lead Plaintiff Deadline: May 31, 2022No obligation or cost to you.
Learn more about your recoverable losses in VLTA:https://www.kleinstocklaw.com/pslra-1/volta-inc-loss-submission-form?id=27799&from=4
Volta Inc. NEWS - VLTA NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Volta Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Volta had improperly accounted for restricted stock units issued in connection with the business combination of Volta Industries, Inc. ("Legacy Volta") and Tortoise Acquisition Corp. II; (2) as a result, the Company had understated its net loss for third quarter 2021; (3) there were material weaknesses in the Company's internal control over financial reporting that resulted in a material error; (4) as a result of the foregoing, the Company would restate its financial statements; (5) as a result of the foregoing, Legacy Volta's founders would imminently exit the Company; (6) as a result, the Company's financial results would be adversely impacted; and (7) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Volta you have until May 31, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased Volta securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the VLTA lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/volta-inc-loss-submission-form?id=27799&from=4.
ABOUT KLEIN LAW FIRMJ. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:J. Klein, Esq.Empire State Building350 Fifth Avenue59th FloorNew York, NY email@example.comTelephone: (212) 616-4899www.kleinstocklaw.com
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