Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, June 01, 2022 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises LMP Automotive Holdings, Inc. (“LMP” or “the Company”) (NASDAQ: LMPX) investors that a class action filed on behalf of investors. LMP investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
LMP Automotive Holdings, Inc. has made false and misleading statements to the market. LMP engaged in improper accounting of intercompany transactions. The Company used inappropriate estimates for both insurance products and chargeback reserves. The Company misclassified items on its financial statements. The Company failed to maintain appropriate controls over financial reporting. 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 LMP, investors suffered damages.
Please visit our website to review more information and submit your transaction information.
The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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