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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 7, 2021 to file lead plaintiff applications in a securities class action lawsuit against Workhorse Group, Inc. (NasdaqGS: WKHS).
Workhorse and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On February 23, 2021, the United States Postal Service issued a press release announcing that Oshkosh Defense, not the Company, had been awarded the multibillion-dollar service contract for its Next Generation Delivery Vehicle (“NGDV”) project to modernize its postal delivery fleet.
On this news, shares of Workhorse fell $14.88 per share, or 47%, to close at $16.47 per share on February 23, 2021.
If you purchased securities of Workhorse 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 (email@example.com), or fill out the form on this page.
The case is Farrar v. Workhorse Group, Inc., et al., 21-cv-02072.
Click here to read the case complaint.