Recent Securities Litigations

Canoo Inc. Class A Common Stock (NASDAQ: GOEV)

Company Name:Canoo Inc. Class A Common Stock
Stock Symbol:NASDAQ: GOEV
Class Period Start:08/18/2020
Class Period End (inclusive):03/29/2021

The Complaint alleges that during the Class Period, Defendants misled investors by misrepresenting and/or failing to disclose that: (i) the Company's engineering services segment was not a viable business, would not provide meaningful revenue in 2021, and would not reduce operational risk; (ii) that the Company would no longer be focused on its subscription-based business model; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.