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CREWS V. RIVIAN AUTOMOTIVE SECURITIES LITIGATION

Welcome to the Crews v. Rivian Automotive Securities Litigation Website

CHARLES LARRY CREWS, JR., INDIVIDUALLY AND ON BEHALF OF ALL OTHERS SIMILARLY
SITUATED, PLAINTIFFS,



V.



RIVIAN AUTOMOTIVE, INC., ET AL., DEFENDANTS



CASE NO. 2:22-CV-01524-JLS-E









UNITED STATES DISTRICT COURT 

FOR THE CENTRAL DISTRICT OF CALIFORNIA

WESTERN DIVISION

This website has been established to provide general information regarding the
pending class action lawsuit known as Charles Larry Crews, Jr., et al. v. Rivian
Automotive, Inc., et al., Case No. 2:22-cv-01524-JLS-E (“Action”). More
information can be found in the detailed Notice of Pendency of Class Action
(“Notice”) which is available here. The Court in charge of the Action is the
United States District Court for the Central District of California ("Court").

Please be advised that your rights may be affected by the proceedings in the
Action if you are a member of the following Court-certified Classes:

 * For 1934 Act Claims: All persons and entities who purchased or otherwise
   acquired Rivian Automotive, Inc. ("Rivian") Class A common stock between
   November 11, 2021, and March 10, 2022, inclusive, and were damaged thereby.
   The Class excludes those who purchased Rivian Class A common stock at the
   fixed Initial Public Offering ("IPO") price.



 * For 1933 Act Claims: All persons and entities who purchased or otherwise
   acquired Rivian Automotive, Inc. Class A common stock between November 10,
   2021, and March 10, 2022, inclusive, and were damaged thereby.

Both Classes exclude Defendants and their families, the officers, directors, and
affiliates of Defendants, at all relevant times, members of their immediate
families and their legal representatives, heirs, successors, or assigns, and any
entity in which Defendants have or had a controlling interest.


In addition to certifying the above Classes, the Court has appointed Sjunde
AP-Fonden and James Stephen Muhl as Class Representatives, Kessler Topaz Meltzer
& Check, LLP as Class Counsel, and Larson LLP as Liaison Counsel.

As more fully described in the Notice, the pending Action alleges that Rivian’s
IPO offering documents (and certain of its post-IPO statements to investors
during an earnings call and filing with the U.S. Securities Exchange Commission
on December 17, 2021) violated the federal securities laws by making materially
false and misleading statements and failing to disclose material facts and risks
arising from, among other things, the alleged fact that the bill of materials
cost of Rivian’s R1S and R1T (together, “R1”) electric vehicles far exceeded the
sales price at which these vehicles were being offered to customers requiring
Rivian to increase R1 retail prices. The Action is ongoing. A trial date has not
yet been set. Defendants have denied all claims and wrongdoing asserted in the
Action as well as any liability arising out of the conduct alleged.

No court has made a ruling on the merits of Class Representatives’ allegations
or on Defendants’ denials and defenses. By certifying the Classes and ordering
the issuance of notice to the Classes, the Court is not expressing an opinion as
to the merits of Class Representatives’ allegations or of Defendants’ denials or
defenses.

There is no judgment, settlement, or monetary recovery at this time, and there
is no assurance that a judgment in favor of the Classes will be granted or that
the Court will award the Classes a monetary recovery. 

Requesting Exclusion: If you are a member of the Class(es) and want to remain as
such, you do not need to do anything at this time other than to retain your
documentation reflecting your transactions and holdings in Rivian Class A common
stock during the Class Period. If you do not want to remain a member of the
Class(es), you can request to exclude yourself from the Class(es) by submitting
a request for exclusion by March 4, 2025 in accordance with the instructions set
forth in the Notice.

Although the information on this website is intended to assist you, it does not
replace the information contained in the Notice. Please read
the Notice carefully to fully understand your rights.

Please do not call or write the Court. All questions should be directed to Class
Counsel or the Administrator. 


THE INFORMATION ON THIS WEBSITE, INCLUDING THE DATES AND DEADLINES SET FORTH
BELOW, IS SUBJECT TO CHANGE.  PLEASE CONTINUE TO CHECK THIS WEBSITE FOR UPDATES.




IMPORTANT DATES & DEADLINES



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EXCLUSION DEADLINE

Postmarked (or received) by March 4, 2025

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