Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) is currently facing a class action securities lawsuit that seeks to recover losses of shareholders who were allegedly affected by securities fraud between June 28, 2021, and March 13, 2024. The lawsuit alleges that Evolv made false statements and concealed information regarding the efficacy of its products, leading to an increased risk of undetected weapons entering locations such as schools.
The filed complaint claims that Evolv materially overstated the effectiveness of its products in detecting knives and guns. It further alleges that the company deceived the general public, customers, and investors about the capabilities of its products. As a result, defendants’ statements about Evolv’s business, operations, and prospects were allegedly materially false and misleading.
If you suffered a loss in Evolv Technologies stock during the relevant time frame, you may be eligible to seek a recovery. Whether you still hold your shares or have sold them, you can learn more about your rights and potential recovery by visiting the link provided or contacting Joseph E. Levi, Esq. via email or phone.
Levi & Korsinsky LLP, a nationally-recognized securities litigation firm, is representing aggrieved shareholders in this case. With a track record of winning high-stakes cases and securing significant recoveries for investors, the firm has established itself as a leader in complex securities litigation. Levi & Korsinsky has consistently ranked in ISS Securities Class Action Services’ Top 50 Report for the past seven years.
It’s important to note that the allegations made in the lawsuit are yet to be proven in court, and Evolv Technologies has the opportunity to defend itself against these claims. Investors are encouraged to seek legal advice and explore their options if they believe they have been affected by the alleged securities fraud.
Please note that this article is for informational purposes only and does not constitute legal advice. Prior results do not guarantee similar outcomes in this case.
Contact:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
Source: Levi & Korsinsky, LLP