Investigation Overview
An investigation on behalf of investors of Arcimoto Inc (NASDAQ:FUV) shares over potential securities laws violations by Arcimoto and certain of its directors and officers in connection with certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Arcimoto Inc (NASDAQ:FUV) concerning whether a series of statements by Arcimoto Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Eugene, OR based Arcimoto, Inc. provides all-electric three-wheeled motorcycle for daily transportation. Arcimoto Inc went public in September 2017 and shares of Arcimoto Inc (NASDAQ:FUV) declined in December 2017 to as low as $2.54 per share.