Recent Securities Litigations

LMP Automotive Holdings Inc. Common Stock (NASDAQ: LMPX)

30 Days left to seek lead plaintiff status.

Company Name:LMP Automotive Holdings Inc. Common Stock
Stock Symbol:NASDAQ: LMPX
Class Period Start:06/29/2021
Class Period End (inclusive):05/19/2022
Filing Deadline:07/26/2022

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors that: investors: (1) that the Company engaged in the improper identification and elimination of intercompany transactions; (2) that the Company used incorrect estimates for chargeback reserves for finance and insurance products; (3) that the Company had misclassified certain items in its financial statements which impacting balance sheet and income statement financial statement captions; (4) that there were material weaknesses in LMP’s internal control over financial reporting; (5) that, as a result of the foregoing, the Company overstated its revenue; (6) that, as a result of the foregoing, the Company would restate certain of its previously issued financial statements and results; and (7) that, 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.

LMP Automotive Holdings Inc. Common Stock (NASDAQ: LMPX) Claim Form

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