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SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Volta Inc. of Class Action Lawsuit and Upcoming Deadline - VLTA; VLTA WS
New York, New York--(Newsfile Corp. - May 28, 2022) - Pomerantz LLP announces that a class act...
About this update from Volta Metals Ltd
[{"type":"text","content":"SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Volta Inc. of Class Action Lawsuit and Upcoming Deadline - VLTA; VLTA WSNew York, New York--(Newsfile Corp. - May 28, 2022) - Pomerantz LLP announces that a class action lawsuit has been filed against Volta Inc. (\"Volta\" or the \"Company\") (NYSE: VLTA) (NYSE: VLTA.WS) and certain of its officers. The class action, filed in the United States District Court for the Northern District of California, and docketed under 22-cv-02730, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Volta securities between August 2, 2021 and March 28, 2022, inclusive (the \"Class Period\"). Plaintiff pursues claims against the Defendants under the Securities Exchange Act of 1934 (the \"Exchange Act\").If you are a shareholder who purchased or otherwise acquired Volta securities during the Class Period, you have until May 31, 2022 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. [Click here for information about joining the class action]Volta partners with real estate and retail businesses to locate and deploy its electric vehicle charging stations. The Company generates revenue from advertising on its content-driven charging stations, installing and maintaining the charging stations, and delivering electricity at the charging stations.On August 26, 2021, Volta Industries, Inc. (\"Legacy Volta\"), a private entity, and Tortoise Acquisition Corp. II, a special purpose acquisition company, completed a business combination pursuant to which the combined entity was named Volta Inc. (the \"Business Combination\").The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose: (1) that Volta had improperly accounted for restricted stock units...