The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Romeo Power Inc. f/k/a RMG Acquisition Corp. (RMO)
LOS ANGELES–(BUSINESS WIRE)–The Law Offices of Frank R. Cruz reminds investors of the upcoming June 15, 2021 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Romeo Power Inc. f/k/a RMG Acquisition Corp. (“Romeo” or the “Company”) (NYSE: RMO) securities between October 5, 2020 and March 30, 2021, inclusive (the “Class Period”).
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On March 30, 2021, Romeo announced that, as a result of a significant supply shortage of battery cells, its fiscal 2021 revenue guidance would be reduced by 71-87%. During a related conference call, the Company revealed that it relied solely on Samsung and LG for its…