LOS ANGELES–(BUSINESS WIRE)–Schall law firma national shareholder rights litigation firm, reminds investors of a class action lawsuit against Volta Inc. f/k/a Tortoise Acquisition Corp. II (“Volta” or “the Company”) (NYSE: VLTA) for violation of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the United States Securities and Exchange Commission.
Investors who purchased the Company’s securities between August 2, 2021 and March 28, 2022 inclusive (the “Class Period”) are invited to contact the Company before May 31, 2022.
If you are a shareholder who has suffered a loss, Click here to participate.
We also encourage you to contact Brian Schall of 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 via the firm’s website at www.schallfirm.comor by email at [email protected]
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 do nothing, you can remain an absent member of the group.
According to the complaint, the company made false and misleading statements to the market. Volta has incorrectly accounted for the restricted stock units issued in connection with its business combination. Based on this failure, the Company understated its net loss for the third quarter of 2021. The Company did not maintain appropriate controls over financial reporting. Consequently, the Company would be forced to restate its financial statements. Based on these issues, the founders of the company would leave the organization. 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 Volta, investors suffered damage.
Join the file to recoup your losses.
Schall Law Firm represents investors worldwide and specializes in securities class action and shareholder rights litigation.
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