EVLV Investors Have Opportunity to Lead Evolv Technologies Holdings, Inc. Securities Fraud Lawsuit with the Schall Law Firm

PRNewswire 8-Nov-2024 10:20 AM

LOS ANGELES, Nov. 8, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Evolv Technologies Holdings, Inc. ("Evolv" or "the Company") (NASDAQ: EVLV) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between August 19, 2022 and October 30, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before December 31, 2024.           

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Evolv announced on October 25, 2024, that its financial statements ranging from the second quarter of 2022 and second quarter of 2024 could not be relied upon due to material misstatements related to revenue recognition and other revenue metrics. The Company stated, "certain sales, including sales to one of its largest channel partners, were subject to extra-contractual terms and conditions" not shared with its accounting function, "and that certain Company personnel engaged in misconduct in connection with those transactions." Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Evolv, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com

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SOURCE The Schall Law Firm