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VLTA LAWSUIT ALERT: Levi & Korsinsky Notifies Volta Inc. Investors of a Class Action Lawsuit and Upcoming Deadline
New York, New York--(Newsfile Corp. - May 16, 2022) - Levi & Korsinsky, LLP notifies inves...
About this update from Volta Metals Ltd
[{"type":"text","content":"VLTA LAWSUIT ALERT: Levi & Korsinsky Notifies Volta Inc. Investors of a Class Action Lawsuit and Upcoming DeadlineNew York, New York--(Newsfile Corp. - May 16, 2022) - Levi & Korsinsky, LLP notifies investors in Volta Inc. (\"Volta\" or the \"Company\") (NYSE: VLTA) of a class action securities lawsuit.The lawsuit on behalf of Volta investors has been commenced in the the United States District Court for the Northern District of California. Affected investors purchased or otherwise acquired certain Volta Inc. securities between August 2, 2021 and March 28, 2022. Follow the link below to get more information and be contacted by a member of our team:https://www.zlk.com/pslra-1/volta-inc-loss-submission-form?prid=27321&wire=5or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500. There is no cost or obligation to you.Cannot view this video? Visit:https://www.youtube.com/watch?v=hNpPCx9UxDYVolta Inc. NEWS - VLTA NEWSCASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) Volta had improperly accounted for restricted stock units issued in connection with the business combination of Volta Industries, Inc. (\"Legacy Volta\") and Tortoise Acquisition Corp. II; (2) as a result, the Company had understated its net loss for third quarter 2021; (3) there were material weaknesses in the Company's internal control over financial reporting that resulted in a material error; (4) as a result of the foregoing, the Company would restate its financial statements; (5) as a result of the foregoing, Legacy Volta's founders would imminently exit the Company; (6) as a result, the Company's financial results would be adversely impacted; and (7) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.WHAT THIS MEANS TO SHAREHOLDERS: If you suffered a loss in Volta during the relevant timeframe, you have until May 31, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. Discuss your rights with our l...