Summary: This is a federal securities class action lawsuit filed by Grayson Smith against Rivian Automotive, Inc. and several of its officers and directors. The lawsuit alleges violations of federal securities laws, specifically Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Sections 11 and 15 of the Securities Act of 1933. The plaintiff, on behalf of a class of investors who purchased Rivian common stock between November 10, 2021, and March 10, 2022, claims that the defendants made false and misleading statements and failed to disclose material adverse facts about the company's business and operations. The lawsuit alleges that the defendants misrepresented Rivian's production and delivery targets, underpriced its vehicles, and would need to substantially increase prices. The truth about Rivian's production capabilities and business prospects began to emerge when the company disclosed that it would fall short of its 2021 production target and that its vehicles were underpriced. This news caused Rivian's stock price to decline. Further corrective information surfaced when Rivian announced significant price increases for its vehicles due to inflationary pressure, increasing component costs, and supply chain shortages and delays. These price increases would apply to both future orders and existing preorders. The plaintiff seeks damages on behalf of the class and a jury trial. This is a federal securities class action lawsuit filed by Grayson Smith against Rivian Automotive, Inc. and several of its officers and directors. The lawsuit alleges violations of federal securities laws, specifically Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Sections 11 and 15 of the Securities Act of 1933. The plaintiff, on behalf of a class of investors who purchased Rivian common stock between November 10, 2021, and March 10, 2022, claims that the defendants made false and misleading statements and failed to disclose material adverse facts about the company's business and operations. The lawsuit alleges that the defendants misrepresented Rivian's production and delivery targets, underpriced its vehicles, and would need to substantially increase prices. The truth about Rivian's production capabilities and business prospects began to emerge when the company disclosed that it would fall short of its 2021 production target and that its vehicles were underpriced. This news caused Rivian's stock price to decline. Further corrective information surfaced when Rivian announced significant price increases for its vehicles due to inflationary pressure, increasing component costs, and supply chain shortages and delays. These price increases would apply to both future orders and existing preorders. The plaintiff seeks damages on behalf of the class and a jury trial.