Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until June 17, 2022 to file lead plaintiff applications in a securities class action lawsuit against Lilium N.V. f/k/a Qell Acquisition Corp. (NasdaqGS: LILM, LILMW, QELL, QELLU, QELLW).

Lilium and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On March 14, 2022, market analyst Iceberg Research issued a report on the Company’s electric vertical take-off and landing production aircraft, Lilium Jet,  highlighting numerous significant problems in design, capability and testing performance as well as other supply and company-wide issues.

On this news, shares of Lilium fell $1.25 per share, or 34%, to close at $2.44 per share on March 14, 2022, on unusually heavy trading volume.

If you purchased securities of Lilium and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or fill out the form on this page.

The case is Gnanaraj v. Lilium N.V., et al., No. 22-cv-2564.
Click here to read the first filed complaint.