Arcimoto Inc. Securities Litigation

Filing Deadline: June 18, 2021

If you purchased a significant amount of shares of Arcimoto Inc. Common Stock (NASDAQ: FUV), you have certain options. Investors should contact us before June 18, 2021.


Lawsuit Overview

Defendant:Arcimoto Inc. Common Stock
Date Filed:April 19th, 2021
Sector:Consumer Non-Durables
Industry:Motor Vehicles
Class Start Date:February 14th, 2018
Class End Date:March 22nd, 2021

The Complaint alleges that Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) the preorders of Arcimoto’s Fun Utility Vehicles (“FUVs”) were fabricated or never completed, with only 19 units delivered out of an alleged preorder of 422; (2) Arcimoto failed to disclose to customers that nearly 100% of its vehicles delivered were under safety recall; (3) Arcimoto’s largest customer, R-Key-Moto, was an undisclosed related party owned by insider FOD Capital, LLC; (4) Arcimoto’s partnership with HULA was an undisclosed related party transaction; and (5) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.

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First Identified Complaint

David Barnette, et al. v. Arcimoto Inc., et al.

Date Filed:April 19th, 2021
Class Period Start:February 14th, 2018
Class Period End:March 22nd, 2021
First Identified Complaint Filings
#Document TitleFiling Date