Civil Litigation,
Technology
Apr. 20, 2022
Investors sue electric plane maker after technology is questioned
The complaint filed Monday alleges Lilium issued public documents and statements that were false and misleading.
An investors’ proposed class action against German electric aircraft developer Lilium was filed in federal court in Los Angeles after a group of mostly anonymous researchers questioned the state of the company’s technology.
The complaint filed Monday by Laurence M. Rosen of The Rosen Law Firm PA in New York alleged Lilium issued public documents and statements that were false and misleading. Gnanaraj v. Lilium N.V. et al., 2:2022-cv-02564 ...
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