NEW YORK, NY / ACCESSWIRE / April 5, 2022 / Pomerantz LLP is investigating claims on behalf of investors of Volta Inc. ("Volta" or the "Company") (NASDAQ:VLTA). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation concerns whether Volta and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On March 28, 2022, Volta announced that both of its co-founders had resigned-namely, the Company's Chief Executive Officer and President, both of whom served as Directors of the Company.
On this news, Volta's stock price fell $0.76 per share, or 18.4%, to close at $3.37 per share on March 28, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
SOURCE: Pomerantz LLP