NEW YORK, April 13, 2022 (GLOBE NEWSWIRE) -- Kehoe Law Firm, P.C. is investigating whether certain officers and directors of Forum Merger III Corporation (“Forum”) now known as Electric Last Mile Solutions, Inc. ("Electric Last Mile Solutions," “ELMS”) (NASDAQ: ELMS) breached their fiduciary duties to Forum’s shareholders.
CURRENT INVESTORS OF ELECTRIC LAST MILE SOLUTIONS WHO PREVIOUSLY HELD FORUM 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 shareholders of record as of May 20, 2021 approved a merger between Forum 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 ELMS.
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.
CURRENT ELMS SHAREHOLDERS WHO PREVIOUSLY HELD FORUM 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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