October 23, 2025
Rivian Automotive Inc. investors asked a California federal judge Thursday to greenlight a $250 million settlement resolving their claims that the company underpriced its electric vehicles and misrepresented its profitability ahead of a blockbuster 2021 initial public offering, just one day before a summary judgment hearing.
May 10, 2024
A California federal judge told Rivian's attorney Friday that his arguments opposing class certification for investors alleging the carmaker misled them on material costs appeared to say that unless a company practically admits fraud in a disclosure it's not a "corrective" disclosure, but "that is not how the real world works."
March 01, 2024
Investors alleging Rivian Automotive Inc. underpriced its electric vehicles and misrepresented its profitability ahead of a blockbuster 2021 initial public offering cannot certify their class with zero evidence, weak fraud-on-the-market theories and troubling litigation tactics, Rivian argued in a California federal court filing Thursday.
December 04, 2023
Investors of electric vehicle manufacturer Rivian Automotive Inc. have asked a California federal judge to certify their proposed class in a securities class action alleging Rivian underpriced its electric vehicles and misled investors ahead of a blockbuster 2021 initial public offering.
July 31, 2023
A California federal judge on Monday referred a proposed class of investors and Rivian Automotive Inc. to private mediation in a lawsuit alleging Rivian underpriced its electric vehicles and misled investors ahead of a blockbuster 2021 initial public offering.
July 05, 2023
A California federal judge says Rivian Automotive Inc. must face a securities fraud suit alleging it underpriced its electric vehicles and knowingly misled investors ahead of its blockbuster 2021 initial public offering about the company's profitability.
February 17, 2023
A California federal judge on Thursday ruled Rivian Automotive investors haven't shown the electric automaker hid that it would need to raise prices shortly after its initial public offering, throwing out the proposed securities class action, but giving the investors time to tweak their complaint.
March 08, 2022
Electric vehicle maker Rivian Automotive was hit on Monday with a proposed securities class action in California federal court alleging it didn't tell investors that it would need to raise prices on its vehicles shortly after its initial public offering, sinking its share price.