Electric Last Mile Solutions Stock Alert: Former Shareholders of Forum Merger III Corp. May Have Legal Claims - Kehoe Law Firm, P.C.
NEW YORK, June 13, 2022 (GLOBE NEWSWIRE) -- Kehoe Law Firm, P.C. is investigating whether certain officers and directors of *Forum Merger III Corporation (“Forum Merger”), *now known as *Electric Last Mile Solutions, Inc. ("Electric Last Mile Solutions," “ELMS”) (NASDAQ: ELMS),* breached their fiduciary duties to Forum Merger's shareholders.*INVESTORS OF ELECTRIC LAST MILE SOLUTIONS WHO HELD FORUM MERGER STOCK SHARES ARE ENCOURAGED TO **CLICK HERE** TO CONTACT **KEHOE LAW FIRM, P.C.** AND PROVIDE DETAILS OF THEIR SECURITIES HOLDINGS. *
On June 24, 2021, Forum Merger shareholders of record as of May 20, 2021 approved a merger between Forum Merger and ELMS.
On February 1, 2022, after the market closed, ELMS announced that certain executives had resigned following an investigation conducted by a Special Committee of the Board of Directors of Electric Last Mile Solutions.
On March 11, 2022, Electric Last Mile Solutions announced that the SEC is investigating matters discussed in previous filings of ELMS, including disagreements with an accounting firm and compliance with NASDAQ’s listing rules.
On June 12, 2022, Bloomberg reported that ELMS plans to liquidate its operations only a year after the electric-vehicle startup went public and four months after both its CEO and Chairman resigned.
*ELMS SHAREHOLDERS WHO PREVIOUSLY HELD FORUM MERGER STOCK* *ARE ENCOURAGED TO **CONTACT* *MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, **MYARNOFF@KEHOELAWFIRM.COM**, **INFO@KEHOELAWFIRM.COM**, TO DISCUSS THE BREACH OF FIDUCIARY DUTIES **INVESTIGATION AND POTENTIAL LEGAL CLAIMS. *
Kehoe Law Firm, P.C., with offices in New York and Philadelphia, is a multidisciplinary, plaintiff–side law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct. Combined, the partners at Kehoe Law Firm, P.C. have served as Lead Counsel or Co-Lead Counsel in cases that have recovered more than $10 billion on behalf of institutional and individual investors.
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