NEW YORK, April 16, 2022 (GLOBE NEWSWIRE) – WHY: Rosen Law Firm, a global investor rights law firm, announces that a class action lawsuit has been filed on behalf of securities buyers Volta Inc. f / k / a Tortoise Acquisition Corp. II (NYSE: VLTA, VLTA-WT, SNPR) between 2 August 2021 and 28 March 2022 inclusive (the “Teaching Period”). A class action has already been filed. If you want to serve as the main prosecutor, you must go to court no later than 31.5.2022.
SO WHAT: If you purchased Volta Securities during the Class Period, you may be entitled to compensation without paying any fees or costs from your own pocket through a replacement fee agreement.
WHAT TO DO NEXT: To join Volta’s class action, go to https://rosenlegal.com/submit-form/?case_id=4819 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email at firstname.lastname@example.org or email@example.com for class action information. A class action has already been filed. If you want to serve as the main prosecutor, you must go to court no later than 31.5.2022. The lead plaintiff is the representative party acting on behalf of the other members of the class in litigation.
WHY ROSEN’S LAW: We encourage investors to choose a qualified advisor with a record of success in leadership positions. Notifying companies often do not have comparable experience, resources or any meaningful partnership recognition. Be wise when choosing an advisor. Rosen, a law firm, represents investors around the world, focusing its practice on securities class actions and shareholder derivatives litigation. The law firm Rosen has achieved the largest class action lawsuit against a Chinese company in history. In 2017, the law firm Rosen ranked 1st according to ISS Securities Class Action Services in the number of class actions in the field of securities. The company has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars from investors. In 2019 alone, the company secured more than $ 438 million for investors. In 2020, Laurence Rosen’s founding partner was named by the law360 as Titan Plaintiffs. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, the defendants made false and / or misleading statements during the Class Period and / or did not disclose that: (1) Volta incorrectly accounted for the limited shares issued in connection with the Business Combination; (2) Volta underestimated its net loss for the third quarter of 2021; (3) there were significant deficiencies in the internal control of Volta’s financial statements which led to a material error; (4) As a result of the above, Volta would have restated its financial statements; (5) The founders of Legacy Volta would leave the company immediately; (6) The financial results of the Volts would be adversely affected; and (7) as a result of the above, the defendants’ affirmative statements about Volta’s business, operations and prospects were substantially misleading and / or lacked an adequate basis. When the details came to the market, the lawsuit alleged that the investors had suffered damage.
To join Volta’s class action, go to https://rosenlegal.com/submit-form/?case_id=4819 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email at firstname.lastname@example.org or email@example.com for class action information.
No class has been certified. Until the class is certified, you will not be represented by a lawyer unless you retain one. You can choose a consultant of your choice. You can also remain an absent member of the class and do nothing at this point. The investor’s ability to participate in any potential future recovery does not depend on whether he will serve as the lead plaintiff.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, PA
275 Madison Avenue, 40th floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827