Recent Securities Litigations

Lilium N.V. Class A Ordinary Shares (NASDAQ: LILM)

Company Name:Lilium N.V. Class A Ordinary Shares
Stock Symbol:NASDAQ: LILM
Class Period Start:03/30/2021
Class Period End (inclusive):03/14/2022

The Complaint alleges that Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Lilium materially overstates the Lilium Jet's design and capabilities; (2) Lilium materially overstates the likelihood for the Lilium Jet's timely certification; (3) Lilium misrepresents its ability to obtain or create the necessary batteries for the Lilium Jet; (4) the SPAC-merger would not and did not generate enough cash to commercially launch the Lilium Jet; (5) Qell Acquisition Corp. did not engage in proper due diligence regarding the Merger; and (6) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.